
	Finding the right home at the right price is just one part of a home sale or purchase. Luther A Brown and Associates Realtors is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call us today at 804-743-7004 if your needs include a real estate pro experienced in the business side of real estate.

Closing costs you should expect

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

Closing costs that are loan-related (Learn more)

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

At closing, the following taxes are usually collected (Learn more)

Property Taxes
Transfer Taxes and Recording Fees

Insurance fees due at closing (Learn more)

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

Sellers: As we hammer out your deal, I'll not only work to get the highest sales price, but I'll also campaign for reduced closing costs. And once we've reached an agreement, I'll describe in detail the closing costs so you are informed of exactly where your money is going.

Buyers: When buying a home in Chesterfield County, 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 a suitable range so you're not startled when you get to the closing appointment. I'll be glad to look at the GFE with you, answering your questions and highlighting any estimates that are uncertain.