Anticipated closing costs

There are certain ordinary costs related to closing the sale of a house. These costs are usually split 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 New York to help lead you through the deal.

Loan-related closing costs    (Learn more)

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

At closing, the following taxes are usually paid    (Learn more)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Learn more)

  • 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 very best sales price, but I'll also push for reduced closing costs. And once we've come to an agreement, I'll walk you through the closing costs so you are aware of exactly what you're paying for.

Buyers: If you are purchasing a home in Cayuga County, you will get a "Loan Estimate" (LE) 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 a reasonable range so you're not surprised when you get to closing time. I'll be glad to go over the LE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

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