Finding the right home at the right price is just one part of a real estate transaction. Coldwell Banker Tomlinson is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call us today at 509-737-3091 if your needs include a real estate pro experienced in the business side of buying and selling.

What closing costs should you expect?

There are certain basic fees linked to closing the sale of a house. These costs are commonly divided between the buyer and seller, as spelled out in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Washington to help lead you through your transaction.

Closing costs that are loan-related    (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 transaction, not only will I work to get the highest sales price, but I'll also advocate for reduced closing costs. And once we've reached an agreement, I'll describe in detail the closing costs so you know exactly what you're paying for.

Buyers: When buying real estate in Benton County, 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 suitable range so you're not startled when you arrive at the closing appointment. I'll be willing to go over the GFE with you, answering your questions and highlighting any estimates of concern.

             

              

Property information deemed reliable but not guaranteed and should be verified.

8836 Gage Blvd Ste 101-B Kennewick, WA 99336
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