Finding the right home at the right price is just one part of a home sale or purchase. MelanieCooperTeam at Realty Executives Premiere is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call me today at (314) 777-2872 if your needs include a real estate pro ready for the business side of buying and selling.

What closing costs should you expect?

There are certain expected expenses linked to closing the sale of a house. These expenses are commonly split between the buyer and seller, as directed in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Missouri to help guide you through the process.

Closing costs that are loan-related    (Click here for details)

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

At closing, these taxes are usually paid    (Click here for details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for details)

  • 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 optimal sales price, but I'll also push for reduced closing costs. And once we've arrived at an agreement, I'll walk you through the closing costs so you know exactly what you're paying for.

Buyers: When buying a house in Saint Louis, you will 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 a tolerable range so you're not surprised when you come to the closing appointment. I'll be willing to review the GFE with you, answering your questions and highlighting any estimates in question.