Don't forget to factor in closing costs when considering a home sale or purchase. Hudson River Realty is seasoned at aiding both buyers and sellers when it comes to closings.
E-mail or call me today at 201-943-9003 if your needs include a professional REALTOR
® experienced in the business side of real estate.
Closing costs you should expect
There are certain standard costs linked to closing the sale of a house. These expenses are usually divided between the buyer and seller, as instructed in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in New Jersey to help guide you through the process.
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, the following taxes are usually collected (More information)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (More information)
- 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 highest sales price, but I'll also push for reduced closing costs. And once we've reached an agreement, I'll fully explain the closing costs so you are aware of exactly what you're paying for.
Buyers: When buying a home in Bergen County, you'll get 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 startled when you arrive at the closing table. I'll be happy to look through the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.