Don't forget to factor in closing costs when considering a home sale or purchase. Peter McGuinn is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call me today at 610-804-6977 if your needs include a professional REALTOR® ready for the business side of real estate.

Anticipated closing costs

There are certain expected costs accompanying closing the sale of a house. These fees are usually split between the buyer and seller, as instructed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Pennsylvania to help lead you through your transaction.

Loan-related closing costs    (Click here for more information)

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

At closing, these taxes are usually collected    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for more information)

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

Sellers: As we hammer out your transaction, I'll not only work to get the optimal sales price, but I'll also push for reduced closing costs. And once we've reached an agreement, I'll walk you through the closing costs so you know exactly what you're paying for.

Buyers: When you are purchasing a house, you'll 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 an acceptable range so you're not surprised when you come to the closing appointment. I'll be happy to go through the GFE with you, answering your questions and highlighting any estimates that seem questionable.

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