Don't forget to factor in closing costs when considering a home sale or purchase. Whitfield Properties Team is seasoned at helping both buyers and sellers when it comes to closings. E-mail or call us today at (336) 584-0347 if your needs include a professional REALTOR® experienced in the business side of buying and selling.

Closing costs you should expect

There are certain expected costs accompanying closing the sale of a house. These expenses are usually split between the buyer and seller, as directed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in North Carolina to help direct you through your transaction.

Costs pertaining to your loan to be paid at closing    (Click here for details)

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

Taxes commonly paid at closing    (Click here for details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for details)

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

Sellers: As we hammer out your deal, not only will we work to get the highest sales price, but we'll also campaign for reduced closing costs. And once we've reached an agreement, we'll fully explain the closing costs so you are aware of exactly what you're paying for.

Buyers: If you're buying a property in Alamance County, you'll be given 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 appropriate range so you're not shocked when you reach the closing table. We'll be glad to go through the GFE with you, answering your questions and highlighting any estimates that seem unusual.

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