Finding the right home at the right price is just one aspect of a home sale or purchase. Incentive Realty is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call us today at (877)MOVE651 if your needs include a real estate pro experienced in the business side of buying and selling.

Anticipated closing costs

There are certain ordinary costs associated with closing the sale of a house. These costs are commonly 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 Minnesota to help guide you through the process.

Costs pertaining to your mortgage to be paid at closing    (Details)

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

Taxes you may be responsible for at closing    (Details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Details)

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

Sellers: As we get through the details of your deal, I'll not only work to get the very best sales price, but I'll also push 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 what you're paying for.

Buyers: If you are purchasing real estate in Hennepin County, you'll 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 an acceptable range so you're not stunned when you arrive at the closing table. I'll be glad to review the GFE with you, answering your questions and highlighting any estimates of concern.

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