Finding the right home at the right price is just one aspect of a real estate transaction. Coldwell Banker Mike Jones Co. is seasoned at assisting both buyers and sellers when it comes to closings. E-mail or call me today at (405) 340-4224 if your needs include a professional REALTOR® ready for the business side of real estate.

What closing costs should you expect?

There are certain typical costs related to closing the sale of a house. These fees are often divided between the buyer and seller, as spelled out in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Oklahoma to help lead you through your process.

Costs pertaining to your mortgage 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

At closing, these fees are often due    (Click here for details)

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

Sellers: As we negotiate your sale, not only will I work to get the optimal sales price, but I'll also advocate for limited closing costs. And once we've reached an agreement, I'll fully explain the closing costs so you are aware of exactly where your money is going.

Buyers: If you are purchasing a property in Edmond, you will 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 previous experience and is required to be within a reasonable range so you're not surprised when you reach closing time. I'll be happy to look over the GFE with you, answering your questions and highlighting any estimates that are uncertain.

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