Don't forget to factor in closing costs when considering a home sale or purchase. Benchmark Realty is seasoned at helping both buyers and sellers when it comes to closings. E-mail or call today at (615)473-5973 if your needs include a real estate pro experienced in the business side of buying and selling.

Closing costs you should expect

There are certain ordinary expenses related to closing the sale of a house. These expenses are commonly divided between the buyer and seller, as noted in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Tennessee to help show you through your transaction.

Closing costs that are loan-related    (Learn more)

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

At closing, these taxes are usually paid    (Learn more)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Learn more)

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

Sellers: As we get through the details of your deal, I'll not only work to get the optimal sales price, but I'll also push for reduced closing costs. And once we've arrived at an agreement, I'll walk you through the closing costs so you are informed of exactly what you're paying for.

Buyers: When obtaining a loan to purchase a property, 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 previous experience and is required to be within a reasonable range so you're not stunned when you reach closing time. I'll be happy to look over the GFE with you, answering your questions and highlighting any estimates that seem off.
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