Finding the right home at the right price is just one part of a home sale or purchase. RE/MAX Classic is seasoned at assisting both buyers and sellers when it comes to closings. E-mail or call me today at (248) 348-3000 if your needs include a professional REALTOR® ready for the business side of real estate.

Anticipated closing costs

There are certain typical costs linked to closing the sale of a house. These fees are commonly divided between the buyer and seller, as noted in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Michigan to help guide you through your process.

Costs pertaining to your mortgage to be paid at closing    (Learn more)

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

Taxes commonly paid at closing    (Learn more)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Learn more)

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

Sellers: As we hammer out your sale, not only will I work to get the highest sales price, but I'll also advocate for lower closing costs. And once we've come to an agreement, I'll describe in detail the closing costs so you know exactly what you're paying for.

Buyers: If you're buying a property in Novi, 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 tolerable range so you're not surprised when you show up at the closing appointment. I'll be willing to look at the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

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