
	Finding the right home at the right price is just one aspect of a home sale or purchase. Steve Thomas Real Estate, LLC is seasoned at aiding both buyers and sellers when it comes to closings. E-mail or call us today at (518) 426-7703 if your needs include a professional REALTOR^® ready for the business side of buying and selling.

Expected closing costs

There are certain standard fees accompanying closing the sale of a house. These costs are often divided between the buyer and seller, as spelled out in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in New York to help guide you through your process.

Closing costs that are loan-related (Click here for more information)

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

Taxes you may be responsible for at closing (Click here for more information)

Property Taxes
Transfer Taxes and Recording Fees

At closing, these fees are often due (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 sale, not only will I work to get the optimal sales price, but I'll also push for lower 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 buying a house in Albany County, you will 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 an appropriate range so you're not surprised when you arrive at the closing appointment. I'll be willing to review the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.