What closing costs should you expect?

 Martin Lopez can walk you through closing - 562-824-3216
There are certain typical expenses linked to closing the sale of a house. These costs are usually split 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 California to help direct you through the process.


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

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

Taxes you may be responsible for 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 get through the details of your deal, not only will I work to get the optimal sales price, but I'll also campaign 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 property in Downey, you will receive a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application and a "Closing Disclosure" no fewer than three days prior to closing. These estimates are based on the loan officer's past experiences and are required to be within a suitable range so you're not startled when you come to closing time. I'll be happy to look over the estimate with you, answering your questions and highlighting any estimates that are uncertain.

Don't forget to factor in closing costs when considering a home sale or purchase. Martin Lopez is experienced at helping both buyers and sellers when it comes to closings. E-mail or call me today at 562-824-3216 if your needs include a professional REALTOR® ready for the business side of real estate.

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