Don't forget to factor in closing costs when considering a home sale or purchase. MHE Properties is seasoned at assisting both buyers and sellers when it comes to closings. E-mail or call me today at 207-373-1135 if your needs include a real estate pro experienced in the business side of real estate.

Expected closing costs

There are certain standard costs accompanying closing the sale of a house. These expenses are commonly split between the buyer and seller, as directed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Maine to help lead you through the transaction.

Costs pertaining to your mortgage 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

At closing, these fees are often due    (Details)

  • Homeowners Insurance
  • Flood or Quake Insurance (optional)
  • Private Mortgage Insurance (PMI) (optional)
  • Title Insurance

Sellers: As we get through the details of your deal, not only will I work to get the optimal sales price, but I'll also advocate for limited closing costs. And once we've arrived at an agreement, I'll describe in detail the closing costs so you know exactly where your money is going.

Buyers: If you are buying real estate in Cumberland 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 previous experience and is required to be within a suitable range so you're not astonished when you get to the closing appointment. I'll be happy to go through the GFE with you, answering your questions and highlighting any estimates that are uncertain.

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