Don't forget to factor in closing costs when considering a home sale or purchase. Elaine Byrne Realty is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call me today at (512) 422-8088 if your needs include a professional REALTOR® ready for the business side of buying and selling.

Expected closing costs

There are certain standard expenses linked to closing the sale of a house. These expenses are usually divided between the buyer and seller, as instructed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Texas to help guide you through your deal.

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

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 negotiate your transaction, I'll not only work to get the very best sales price, but I'll also campaign for reduced closing costs. And once we've come to an agreement, I'll fully explain the closing costs so you are aware of exactly what you're paying for.

Buyers: If you're purchasing a home in the Austin metro area, 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 an acceptable range so you're not astonished when you come to the closing appointment. I'll be willing to look at the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.