
	Don't forget to factor in closing costs when considering a home sale or purchase. RE/MAX Classic is seasoned at helping both buyers and sellers when it comes to closings. E-mail or call us today at 248-348-3000 if your needs include a real estate pro ready for the business side of real estate.

Closing costs you should expect

There are certain basic fees accompanying closing the sale of a house. These fees are usually divided 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 Michigan to help lead you through your process.

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 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, not only will I work to get the highest sales price, but I'll also campaign for limited closing costs. And once we've arrived at an agreement, I'll walk you through the closing costs so you are aware of exactly what you're paying for.

Buyers: If you are buying a house in Oakland 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 prior experience and is required to be within a tolerable range so you're not stunned when you get to the closing appointment. I'll be happy to go through the GFE with you, answering your questions and highlighting any estimates of concern.

Mortgage Calculator:

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Down:		%
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Monthly payment:		$

All agents of RE/MAX Classic are licensed in the State of Michigan to do business in the State of Michigan per license law requirements set forth by the state requirements.