#17 - Closing Costs

There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract.As I negotiate the sales contract for you, I will not only work to get the sales price you want, I will also work to limit the number of closing costs for which you will be responsible.I will walk you through the closing costs, answering any questions you may have explaining which costs are decreed by law to be yours and which are negotiable.

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. I will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates I believe to be low.

Standard Closing Costs

Loan-Related Costs (request Report #28)

· Loan Origination Fee

· Points (optional)

· Appraisal Fee

· Credit Report

· Interest Payment

· Escrow Account

Taxes (request Report #35)

· Property Taxes

· Transfer Taxes and Recording Fees

Insurance (request Report #18)

· Homeowners Insurance

· Flood or Quake Insurance

· Private Mortgage Insurance (PMI)

· Title Insurance

For all your Real Estate needs... Call

Mark W. Slagle, Owner/Broker

Twin Lakes Realty & Auction

865-382-1670

mark@markwslagle.com

Office: 865-397-3540
Firm # 5270

Contact Information

Twin Lakes Realty and Auction

868 S US Hwy. 92

Dandridge, TN 37725

Office:(865) 397-3540

MARK W SLAGLE Owner / Broker 865-382-1670 SRES, GRI, e-Pro, ABR

Twin Lakes Realty and Auction is licensed in the state of Tennessee. The Fair Housing Act prohibits discrimination in the sale, lease, or rental of housing, or making housing otherwise unavailable because of race, color, religion, sex, national origin, familial status, or disability. By registering on this website (providing your name and/or contact information) you are making an inquiry and are granting permission for an agent to contact you via telephone and/or email, regardless if you are registered with the national, state, or other Do Not Call list. The data relating to real estate for sale on this website is being provided for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Some or all of the listings on this website may not belong to Twin Lakes Realty and Auction.