Finding the right home at the right price is just one aspect of a home sale or purchase. Rose and Womble Realty is seasoned at assisting both buyers and sellers when it comes to closings. E-mail or call us today at 757-486-8800 if your needs include a professional REALTOR® ready for the business side of real estate.

Closing costs you should expect

There are certain basic fees related to closing the sale of a house. These costs are often split 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 Virginia to help guide you through the transaction.

Closing costs that are tied to financing    (Click here for details)

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

At closing, these taxes are usually collected    (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 negotiate your deal, not only will I work to get the optimal sales price, but I'll also advocate for limited closing costs. And once we've come to an agreement, I'll fully explain the closing costs so you know exactly what you're paying for.

Buyers: If you're buying real estate in Virginia Beach City 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 past experiences and is required to be within a reasonable range so you're not surprised when you show up at closing time. I'll be happy to look over the GFE with you, answering your questions and highlighting any estimates that are uncertain.

Rose and Womble Realty 123 S. Lynnhaven Rd. Virginia Beach, VA 23452
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