Don't forget to factor in closing costs when considering a home sale or purchase. Exit Realty Advantage NM, Los Alamos Properties is experienced at assisting both buyers and sellers when it comes to closings. E-mail
or call me today at (505) 662-8899 if your needs include a real estate pro ready for the business side of buying and selling.
Anticipated closing costs
There are certain expected expenses accompanying closing the sale of a house. These costs are commonly split between the buyer and seller, as directed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in New Mexico to help lead you through your process.
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, these taxes are usually collected (More information)
- Property Taxes
- Transfer Taxes and Recording Fees
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we get through the details of your sale, not only will I work to get the highest sales price, but I'll also campaign for lower closing costs. And once we've arrived at an agreement, I'll fully explain the closing costs so you are informed of exactly what you're paying for.
Buyers: When purchasing real estate in Santa Fe County, you will 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 prior experience and is required to be within a tolerable range so you're not astonished when you arrive at the closing table. I'll be glad to review the GFE with you, answering your questions and highlighting any estimates in question.