Don't forget to factor in closing costs when considering a home sale or purchase. Warren Real Estate is seasoned at assisting both buyers and sellers when it comes to closings. E-mail or call us today at 580 336 4400 if your needs include a real estate pro experienced in the business side of buying and selling.

Anticipated closing costs

There are certain basic expenses associated with closing the sale of a house. These costs are usually split between the buyer and seller, as dictated in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Oklahoma to help guide you through the deal.

Loan-related closing costs    (Click here for details)

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

At closing, the following taxes are usually collected    (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 transaction, I'll not only work to get the optimal sales price, but I'll also campaign for lower closing costs. And once we've arrived at an agreement, I'll explain in detail the closing costs so you are aware of exactly what you're paying for.

Buyers: If you are purchasing real estate in Noble County, 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 a reasonable range so you're not surprised when you arrive at the closing table. I'll be glad to go over the GFE with you, answering your questions and highlighting any estimates in question.
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