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Should you have any questions regarding any
of the issues covered in this article, feel free to
Ask Your Own Question
and we'll respond to you personally.
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Can
You Project Your Closing Expenses?
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Possible
Closing Costs
- Mortgage
prepayment penalty: In certain cases a penalty may be charged
by a lender when a mortgage is paid off before its due date.
- Termite
inspection fee: For an inspection for possible damage caused
by termites (and, in some areas, beetles and carpenter ants).
- Loan points:
Charges paid by buyer and/or seller at settlement.. A point equals
1 percentage point of the buyer’s loan amount.
- Taxes:
Payment of taxes for the portion of the year during which the
seller owned the property.
- Revenue
taxes: Depending on local practices, city, county and/or state
tax-stamp charges, based on the home sales price.
- Recording
fees: For recording the transferred deed, mortgage status
and various releases.
- Real estate
commission: The brokerage fee, typically based on a percentage
of the sales price of a home.
- Legal
fees: For an attorney’s advice and representation, if necessary.
Possible
Moving Costs |
- Mover’s
charges: Costs of shipment and mover’s services, based on
weight or volume, distance to destination, packing charges, carton
purchase, loading and unloading.
- Liability
insurance: Several options are available for protecting your
possessions from damage in transit.
We will be happy
to provide information on all aspects of selling a home, and we can
discuss which approaches to home selling will be most beneficial to
you. Call or e-mail us today. |
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