Don't forget to factor in closing costs when considering a home sale or purchase. Marx-Bensdorf, REALTORS is seasoned at aiding both buyers and sellers when it comes to closings. E-mail or call us today at 901-682-1868 if your needs include a professional REALTOR® ready for the business side of buying and selling.

What closing costs should you expect?

There are certain normal expenses linked to closing the sale of a house. These costs are often split between the buyer and seller, as instructed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Tennessee to help show you through your deal.

Closing costs that are loan-related    (Details)

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

At closing, the following taxes are usually paid    (Details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Details)

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

Sellers: As we negotiate your deal, not only will I work to get the optimal sales price, but I'll also advocate for lower closing costs. And once we've come to an agreement, I'll fully clarify the closing costs so you know exactly what you're paying for.

Buyers: If you're buying real estate in Fayette County, you will receive 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 prior experience and is required to be within a reasonable range so you're not astonished when you get to the closing appointment. I'll be glad to go over the GFE with you, answering your questions and highlighting any estimates of concern.

Marx-Bensdorf, REALTORS 5860 Ridgeway Center Pkwy #100 Memphis, TN 38120
Phone: Cell: Fax:

Contact Greg | Free Home Valuation | Testimonials | Closing Costs | First Time Buyers | Home Buyer Checklist | Information For Buyers | Selling Your Home | Home | Applying for a Loan | 9 Steps to Owning | Buying Foreclosures/REO's | My Blog

Copyright © 2012 Marx-Bensdorf, REALTORS
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.