Don't forget to factor in closing costs when considering a home sale or purchase. Brad Nichols of Rose & Womble Realty is seasoned at assisting both buyers and sellers when it comes to closings. E-mail or call us today at 757-737-6000 if your needs include a real estate pro ready for the business side of buying and selling.
What closing costs should you expect?
There are certain typical costs accompanying closing the sale of a house. These expenses are usually divided 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 lead you through your deal.
Costs pertaining to your mortgage to be paid at closing
(Details)
Points (optional)
Appraisal Fee
Credit Report
Interest Payment
Escrow Account
At closing, these taxes are usually collected (Details)
Sellers: As we negotiate your sale, not only will I work to get the very best sales price, but I'll also campaign for reduced closing costs. And once we've reached an agreement, I'll give a detailed list of the closing costs so you know exactly where your money is going.
Buyers: If you are purchasing a home 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 past experiences and is required to be within a reasonable range so you're not astonished when you reach closing time. I'll be glad to go over the GFE with you, answering your questions and highlighting any estimates that seem off.
Today's Rates:
Mtg Loan
Rate
APR
30-yr Fixed
3.87%
4%
15-yr Fixed
3.16%
3.33%
1-yr Adj
2.78%
3.45%
* national averages
Brad Nichols of Rose & Womble Realty 123 S Lynnhaven Rd Virginia Beach, VA 23452-7401
