Don't forget to factor in closing costs when considering a home sale or purchase. Coldwell Banker Carousel Realty is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call us today at 405-799-5531 if your needs include a professional REALTOR® ready for the business side of real estate.

What closing costs should you expect?

There are certain standard fees associated with closing the sale of a house. These fees are often divided between the buyer and seller, as directed in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Oklahoma to help show you through your deal.

Costs pertaining to your mortgage to be paid at closing    (Click here for more information)

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

Taxes commonly paid 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, I'll not only work to get the highest sales price, but I'll also advocate 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 what you're paying for.

Buyers: If you are buying a house in Cleveland County, you'll 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 prior experience and is required to be within a suitable range so you're not astonished when you show up at the closing table. I'll be happy to go through the GFE with you, answering your questions and highlighting any estimates that are uncertain.

Related Links
Real Estate Glossary


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