Don't forget to factor in closing costs when considering a home sale or purchase. Scott Trahan Realty Brokerage is seasoned at assisting both buyers and sellers when it comes to closings. E-mail
or call me today at 503-723-7000 if your needs include a real estate pro ready for the business side of buying and selling.
Closing costs you should expect
There are certain basic fees associated with closing the sale of a house. These costs are usually divided between the buyer and seller, as instructed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Oregon to help lead you through the deal.
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
- Property Taxes
- Transfer Taxes and Recording Fees
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we get through the details of your deal, not only will I work to get the very best sales price, but I'll also push for limited closing costs. And once we've reached an agreement, I'll walk you through the closing costs so you are informed of exactly where your money is going.
Buyers: If you're purchasing a property in Multnomah County, you will be given 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 previous experience and is required to be within a reasonable range so you're not surprised when you come to closing time. I'll be glad to go over the GFE with you, answering your questions and highlighting any estimates that are uncertain.