Don't forget to factor in closing costs when considering a home sale or purchase. Tim Moore, Charles Associates is seasoned at assisting both buyers and sellers when it comes to closings. E-mail or call us today at (617) 817-3344 Direct if your needs include a real estate pro ready for the business side of real estate.

What closing costs should you expect?

There are certain basic fees associated with closing the sale of a house. These fees are usually divided between the buyer and seller, as dictated in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Massachusetts to help show you through the process.

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

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

At closing, the following taxes are usually paid    (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 sale, I'll not only work to get the highest sales price, but I'll also campaign for reduced closing costs. And once we've come to an agreement, I'll fully clarify the closing costs so you are informed of exactly what you're paying for.

Buyers: If you're buying real estate in Middlesex County, you will 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 a reasonable range so you're not startled when you reach the closing appointment. I'll be willing to go over the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

Tim Moore, Charles Associates 1700 Massachusetts Avenue Cambridge, MA 02138
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