Finding the right home at the right price is just one part of a real estate transaction. Ann Black Realty, Inc. is seasoned at helping both buyers and sellers when it comes to closings. E-mail or call us today at (336) 472-1809 if your needs include a professional REALTOR® experienced in the business side of real estate.

Anticipated closing costs

There are certain expected expenses linked to closing the sale of a house. These fees are often divided between the buyer and seller, as spelled out in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in North Carolina to help lead you through the deal.

Loan-related closing costs    (Click here for details)

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

Taxes commonly paid at closing    (Click here for details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for details)

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

Sellers: As we get through the details of your deal, not only will we work to get the optimal sales price, but we'll also campaign for lower closing costs. And once we've arrived at an agreement, we'll explain in detail the closing costs so you are aware of exactly where your money is going.

Buyers: If you're buying a home in Davidson, Forsyth, Randolph or Guilford County, you will receive 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 surprised when you reach the closing appointment. We'll be glad to look over the GFE with you, answering your questions and highlighting any estimates in question.

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question