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Don't forget to factor in closing costs when considering a home sale or purchase. Wright Real Estate is seasoned at assisting both buyers and sellers when it comes to closings. E-mail or call us today at (410) 479-2000 if your needs include a professional REALTOR® ready for the business side of real estate.

Expected closing costs

There are certain typical costs related to closing the sale of a house. These fees are often split between the buyer and seller, as noted in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Maryland to help lead you through your transaction.

Closing costs that are loan-related    (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 transaction, I'll not only work to get the optimal sales price, but I'll also campaign for reduced closing costs. And once we've reached an agreement, I'll walk you through the closing costs so you know exactly where your money is going.

Buyers: If you're purchasing a house in Caroline County, 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 an appropriate range so you're not shocked when you show up at closing time. I'll be happy to go through the GFE with you, answering your questions and highlighting any estimates of concern.