Don't forget to factor in closing costs when considering a home sale or purchase. Carolina One Real Estate is seasoned at assisting both buyers and sellers when it comes to closings. E-mail or call us today at 843.270.9399 if your needs include a real estate pro ready for the business side of buying and selling.
Closing costs you should expectThere are certain expected fees related to closing the sale of a house. These costs are often divided between the buyer and seller, as directed in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in South Carolina to help lead you through the process.
Costs pertaining to your loan to be paid at closing (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
At closing, these fees are often due (Click here for details)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we get through the details of your sale, we'll not only work to get the very best sales price, but we'll also advocate for reduced closing costs. And once we've reached an agreement, we'll explain in detail the closing costs so you are aware of exactly where your money is going.
Buyers: If you are buying real estate in Charleston, you will 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 past experiences and is required to be within an appropriate range so you're not astonished when you come to closing time. We'll be glad to review the GFE with you, answering your questions and highlighting any estimates that seem unusual.