What are my closing expenses?

It is critically important that you fully understand your costs and timing obligations before pricing your home, executing and negotiating a contract. We will help you understand your closingThe process of completing a financial transaction. For mortgage loans, the process of signing mortgage documents, disbursing funds, and, if applicable, transferring ownership of the property. In some jurisdictions, closing is referred to as “escrow,” a process by which a buyer and seller deliver legal documents to a third party who completes the transaction in accordance with their instructions. See… expenses at the time of the listing based on your approximate list price. When an offerA formal bid from the home buyer to the home seller to purchase a home…. is received, contract terms can be different based on timing and terms and another evaluation is required to correctly understand the offer in hand.

At our Full Service level we present to you an estimate your net proceeds before lienA claim or charge on property for payment of a debt. With a mortgage, the lender has the right to take the title to your property if you don’t make the mortgage payments…. (loan) payoffs based on the offer received. We analyze your offer and estimate expenses for the titleThe right to, and the ownership of, property. A title or deed is sometimes used as proof of ownership of land…. company, title policy, service contracts, surveyA precise measurement of a property by a licensed surveyor, showing legal boundaries of a property and the dimensions and location of improvements…., homeowners association, property taxes, and seller paid buyer closing expenses, temporary leases and anything else to provide you with a clear picture of your proceeds. Keep in mind we are providing an estimate and it is not guaranteed. Our estimate does not include any obligations created after a contract is executed. Usually, repair costs are not known until the end of the option periodAn option period is a specified time frame in a real estate contract which allows a buyer to terminate the contract for any reason. It creates the right to terminate within the specified number of days for a specified price. Usually the first 5-10 days of the contract. During the option period, a buyer inspects the home for material defects. …. After understanding the timing and financial obligations we will help you devise a counter offer. If you counter we will present that counter offer on your behalf with your full understanding and approval.