
	Don't forget to factor in closing costs when considering a home sale or purchase. Colonial Realty is seasoned at aiding both buyers and sellers when it comes to closings. E-mail or call us today at (918) 333-6500 if your needs include a real estate pro ready for the business side of real estate.

Closing costs you should expect

There are certain normal expenses accompanying closing the sale of a house. These expenses are commonly divided between the buyer and seller, as dictated in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Oklahoma to help lead you through the process.

Closing costs that are loan-related (More information)

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

At closing, these taxes are usually collected (More information)

Property Taxes
Transfer Taxes and Recording Fees

At closing, these fees are often due (More information)

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

Sellers: As we hammer out your deal, not only will I work to get the very best sales price, but I'll also push for lower closing costs. And once we've come to an agreement, I'll give a detailed list of the closing costs so you are aware of exactly what you're paying for.

Buyers: If you are buying a house in Washington County, you'll be given 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 an appropriate range so you're not surprised when you arrive at the closing appointment. I'll be glad to look over the GFE with you, answering your questions and highlighting any estimates that seem off.