Don't forget to factor in closing costs when considering a home sale or purchase. 1776 Real Estate Group is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call us today at 804-565-1776 if your needs include a real estate pro experienced in the business side of buying and selling.

Anticipated closing costs

There are certain typical expenses associated with closing the sale of a house. These costs are often split between the buyer and seller, as instructed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Virginia to help guide you through the transaction.

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 you may be responsible for 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 deal, I'll not only work to get the very best sales price, but I'll also campaign for lower closing costs. And once we've reached an agreement, I'll fully clarify the closing costs so you are aware of exactly where your money is going.

Buyers: If you are purchasing real estate in Richmond City County, 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 past experiences and is required to be within a reasonable range so you're not surprised when you arrive at the closing appointment. I'll be happy to look over the GFE with you, answering your questions and highlighting any estimates in question.

1776 Real Estate Group 5 South Adams Richmond, VA 23220
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