Finding the right home at the right price is just one aspect of a home sale or purchase. RE/MAX 8 is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call me today at 540-553-5742 if your needs include a professional REALTOR® ready for the business side of real estate.

Expected closing costs

There are certain typical expenses related to closing the sale of a house. These costs are usually divided between the buyer and seller, as instructed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Virginia to help lead you through your transaction.

Loan-related closing costs    (Click here for more information)

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

Taxes commonly paid at closing    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for more information)

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

Sellers: As we hammer out your sale, not only will I work to get the optimal sales price, but I'll also campaign for limited closing costs. And once we've arrived at an agreement, I'll walk you through the closing costs so you are aware of exactly where your money is going.

Buyers: If you are purchasing a property in Blacksburg, 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 prior experience and is required to be within a tolerable range so you're not surprised when you come to closing time. I'll be happy to look over the GFE with you, answering your questions and highlighting any estimates of concern.

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