Anticipated closing costsThere are certain basic expenses related to closing the sale of a house. These fees are usually divided 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 York to help guide you through the process.
Loan-related closing costs (More information)
At closing, these taxes are usually collected (More information)
Insurance fees due at closing (More information)
Sellers: As we negotiate your transaction, I'll not only work to get the very best sales price, but I'll also advocate for reduced closing costs. And once we've arrived at an agreement, I'll fully clarify the closing costs so you are aware of exactly what you're paying for.
Buyers: If you are purchasing a house in Cayuga County, you'll 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 an acceptable range so you're not astonished when you arrive at the closing table. I'll be happy to review the LE with you, answering your questions and highlighting any estimates that seem questionable.