Expected closing costs

There are certain ordinary expenses linked to closing the sale of a house. These costs are often divided between the buyer and seller, as noted in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Pennsylvania to help guide you through the deal.

Loan-related closing costs    (Click here for details)

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

At closing, the following taxes are usually paid    (Click here for details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for details)

  • Homeowners Insurance
  • Flood or Quake Insurance (optional)
  • Private Mortgage Insurance (PMI) (optional)
  • Title Insurance

Sellers: As we negotiate your sale, I'll not only 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 explain in detail the closing costs so you are informed of exactly what you're paying for.

Buyers: If you're purchasing real estate in Venango County, you will receive a "Loan Estimate" (LE) 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 show up at the closing table. I'll be happy to go over the LE with you, answering your questions and highlighting any estimates that seem unusual.

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