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What closing costs should you expect?

There are certain standard expenses associated with closing the sale of a house. These fees are often 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 Connecticut to help show you through the process.

Closing costs that are tied to financing    (More information)

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

At closing, these taxes are usually collected    (More information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (More information)

  • 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 advocate for lower closing costs. And once we've reached an agreement, I'll give a detailed list of the closing costs so you are informed of exactly what you're paying for.

Buyers: If you're purchasing real estate in New London County, you will get a "Loan Estimate" (LE) 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 startled when you show up at the closing appointment. I'll be happy to look through the LE with you, answering your questions and highlighting any estimates in question.