What closing costs should you expect?

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

Closing costs that are loan-related (Click here for more information)

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

At closing, the following taxes are usually paid (Click here for more information)

Property Taxes
Transfer Taxes and Recording Fees

Insurance fees due at closing (Click here for more information)

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

Sellers: As we hammer out your transaction, not only will I work to get the highest sales price, but I'll also advocate for reduced closing costs. And once we've arrived at an agreement, I'll walk you through the closing costs so you are aware of exactly what you're paying for.

Buyers: If you're buying a home in Pierce County, you will receive 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 an appropriate range so you're not stunned when you get to the closing table. I'll be glad to look through the LE with you, answering your questions and highlighting any estimates that seem questionable.

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