
	Don't forget to factor in closing costs when considering a home sale or purchase. THE YOWELL TEAM, Josh & Erika Yowell is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call us today at (301)862-2169, x5155 if your needs include a real estate pro ready for the business side of real estate.

Anticipated closing costs

There are certain typical costs linked to closing the sale of a house. These costs are often divided 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 guide you through the deal.

Costs pertaining to your loan to be paid at closing (Details)

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

At closing, these taxes are usually collected (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 hammer out your transaction, not only will I 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 walk you through the closing costs so you know exactly where your money is going.

Buyers: If you're buying a property in Saint Marys 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 a tolerable range so you're not stunned when you get to the closing appointment. I'll be glad to look at the GFE with you, answering your questions and highlighting any estimates that seem questionable.