Don't forget to factor in closing costs when considering a home sale or purchase. American Dream Financial and Real Estate is seasoned at assisting both buyers and sellers when it comes to closings. E-mail or call us today at 9163591760 if your needs include a real estate pro ready for the business side of buying and selling.

Expected closing costs

There are certain standard costs accompanying closing the sale of a house. These fees are usually split between the buyer and seller, as spelled out in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in California to help guide you through the process.

Costs pertaining to your mortgage to be paid at closing    (Click here for details)

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

Taxes commonly paid at closing    (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 get through the details of your sale, not only will I work to get the very best sales price, but I'll also campaign for lower closing costs. And once we've reached an agreement, I'll fully clarify the closing costs so you know exactly what you're paying for.

Buyers: When buying real estate in Placer 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 prior experience and is required to be within a tolerable range so you're not surprised when you show up at the closing appointment. I'll be glad to look through the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

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