Finding the right home at the right price is just one part of a real estate transaction. 525 Realty Group is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call me today at 405 285-7000 if your needs include a real estate pro ready for the business side of buying and selling.

Closing costs you should expect

There are certain basic costs linked to closing the sale of a house. These costs are often split between the buyer and seller, as instructed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Oklahoma to help lead you through the transaction.

Costs pertaining to your loan to be paid at closing    (Learn more)

  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

At closing, the following taxes are usually collected    (Learn more)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Learn more)

  • Homeowners Insurance
  • Flood or Quake Insurance (optional)
  • Private Mortgage Insurance (PMI) (optional)
  • Title Insurance

Sellers: As we get through the details of your transaction, I'll not only work to get the very best sales price, but I'll also advocate for limited closing costs. And once we've reached an agreement, I'll describe in detail the closing costs so you are aware of exactly where your money is going.

Buyers: If you are purchasing a home in Oklahoma County, you will be given a "Good Faith Estimate" (GFE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's previous experience and is required to be within a suitable range so you're not astonished when you show up at the closing appointment. I'll be happy to look at the GFE with you, answering your questions and highlighting any estimates of concern.

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