Don't forget to factor in closing costs when considering a home sale or purchase. Legacy Real Estate Center, Inc. is seasoned at helping both buyers and sellers when it comes to closings. E-mail or call us today at (863) 676-0200 if your needs include a real estate pro ready for the business side of real estate.

What closing costs should you expect?

There are certain standard expenses associated with closing the sale of a house. These fees are commonly divided between the buyer and seller, as noted in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Florida to help direct 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

Taxes commonly paid at closing    (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, we'll not only work to get the optimal sales price, but we'll also campaign for lower closing costs. And once we've come to an agreement, we'll fully explain the closing costs so you are aware of exactly where your money is going.

Buyers: When buying a property in Oklahoma County, you'll 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 a suitable range so you're not astonished when you get to the closing appointment. We'll be happy to look over the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

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