Anticipated closing costs

There are certain expected costs related to closing the sale of a house. These costs 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 New Mexico to help show you through the deal.

Loan-related closing costs    (Click here for more information)

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

At closing, these 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 get through the details of your sale, 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 fully explain the closing costs so you are aware of exactly what you're paying for.

Buyers: If you're buying a home in Quay County, you will be given a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's past experiences and is required to be within a reasonable range so you're not stunned when you show up at the closing table. I'll be glad to look at the LE with you, answering your questions and highlighting any estimates that are uncertain.

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