Finding the right home at the right price is just one part of a home sale or purchase. Redbud Realty & Associates is seasoned at aiding both buyers and sellers when it comes to closings. E-mail or call us today at (405) 216-0020 if your needs include a real estate pro experienced in the business side of real estate.

Anticipated closing costs

There are certain basic costs related to closing the sale of a house. These fees are commonly split between the buyer and seller, as dictated in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Oklahoma to help show you through your transaction.

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

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

At closing, the following taxes are usually collected    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for more information)

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

Sellers: As we hammer out your transaction, I'll not only work to get the optimal sales price, but I'll also campaign for limited closing costs. And once we've reached an agreement, I'll fully clarify the closing costs so you know exactly where your money is going.

Buyers: When buying a home in Oklahoma County, you will get 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 at the GFE with you, answering your questions and highlighting any estimates that seem off.

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