Expected closing costs

 The Hammonds Group, Inc. can walk you through closing - 615-216-4809
There are certain basic expenses related to closing the sale of a home. These fees are commonly split between the buyer and seller, as spelled out in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Tennessee 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 commonly paid 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 get through the details of your transaction, we'll not only work to get the very best sales price, but we'll also push for reduced closing costs. And once we've arrived at an agreement, we'll fully clarify the closing costs so you are aware of exactly what you're paying for.

Buyers: When buying a property in Nashville, you will be given a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application and a "Closing Disclosure" no fewer than three days prior to closing. These estimates are based on the loan officer's past experiences and are required to be within an appropriate range so you're not shocked when you come to the closing table. We'll be willing to go through the estimate with you, answering your questions and highlighting any estimates of concern.

Don't forget to factor in closing costs when considering a home sale or purchase. The Hammonds Group, Inc. is seasoned at aiding both buyers and sellers when it comes to closings. E-mail or call me today at 615-216-4809 if your needs include a professional REALTOR® ready for the business side of buying and selling.

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