
	Don't forget to factor in closing costs when considering a home sale or purchase. Rose and Womble Realty is experienced 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^® experienced in the business side of buying and selling.

Closing costs you should expect

There are certain ordinary costs related to closing the sale of a house. These expenses are commonly divided between the buyer and seller, as dictated 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 lead you through the deal.

Closing costs that are loan-related (More information)

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

At closing, the following taxes are usually paid (More information)

Property Taxes
Transfer Taxes and Recording Fees

Insurance fees due at closing (More information)

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

Sellers: As we hammer out your transaction, not only will I work to get the highest sales price, but I'll also push for reduced closing costs. And once we've reached an agreement, I'll describe in detail the closing costs so you are aware of exactly what you're paying for.

Buyers: If you are buying a house in Virginia Beach City 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 previous experience and is required to be within a reasonable range so you're not astonished when you arrive at the closing appointment. I'll be glad to look over the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.