Don't forget to factor in closing costs when considering a home sale or purchase. Frank Real Estate is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call us today at (810) 765-4005 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 ordinary fees accompanying closing the sale of a house. These expenses are usually split 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 Michigan to help guide you through the process.

Costs pertaining to your loan to be paid at closing    (Details)

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

Taxes you may be responsible for at closing    (Details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Details)

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

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

Buyers: When buying real estate in Marine City, you'll 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 previous experience and is required to be within an acceptable range so you're not astonished when you get to closing time. We'll be glad to go through the GFE with you, answering your questions and highlighting any estimates of concern.

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