(518) 426-7703 Albany and I'll aid you to comprehend all the fees and identify any mistakes. (518) 426-7703 There are certain basic costs accompanying closing the sale of a house. These expenses are usually 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 New York to help show you through your transaction.

Costs pertaining to your loan to be paid at closing    (More information)

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

At closing, the following taxes are usually paid    (More information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (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 sale, I'll not only work to get the optimal sales price, but I'll also campaign for lower closing costs. And once we've come to an agreement, I'll fully clarify the closing costs so you know exactly what you're paying for.

Buyers: If you're buying a property 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 previous experience and is required to be within an appropriate range so you're not surprised when you get to the closing appointment. I'll be happy to look over the GFE with you, answering your questions and highlighting any estimates in question.