Don't forget to factor in closing costs when considering a home sale or purchase. Roy Wheeler Realty Co is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call us today at 4349604333 if your needs include a professional REALTOR® experienced in the business side of buying and selling.

Closing costs you should expect

There are certain typical fees related to closing the sale of a house. These fees are commonly split 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 Virginia to help show you through the process.

Closing costs that are loan-related    (Click here for more information)

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

Taxes you may be responsible for 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, I'll not only work to get the optimal sales price, but I'll also advocate for limited closing costs. And once we've reached an agreement, I'll fully clarify the closing costs so you are informed of exactly where your money is going.

Buyers: When purchasing real estate in Albemarle County, you will 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 startled when you reach closing time. I'll be glad to review the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

Roy Wheeler Realty Co 1100 Dryden Ln Charlottesville, VA 22903-4665
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