
	Finding the right home at the right price is just one part of a home sale or purchase. Old Town, REALTORS® is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call us today at 405-329-1111 if your needs include a professional REALTOR^® ready for the business side of buying and selling.

What closing costs should you expect?

There are certain expected expenses accompanying closing the sale of a house. These fees are commonly divided between the buyer and seller, as dictated in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Oklahoma to help show you through the transaction.

Closing costs that are tied to your mortgage (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 get through the details of your deal, I'll not only work to get the optimal sales price, but I'll also campaign for reduced closing costs. And once we've arrived at an agreement, I'll give a detailed list of the closing costs so you are informed of exactly where your money is going.

Buyers: If you're buying a house in Cleveland County, you'll get 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 past experiences and is required to be within a reasonable range so you're not startled when you get to the closing table. I'll be glad to go through the GFE with you, answering your questions and highlighting any estimates in question.