This video explains some of the basics about closing costs.
At First Title & Abstract, Inc. our Marco Island and Naples offices are dedicated to making sure you understand upfront the estimated costs you will incur for closing.
Purchasing a home is exciting!
However, once escrow begins, the excitement can change to frustration, particularly if you are not ready for the closing costs that quickly accumulate. Many people make the mistake of only assuming they need the down payment money, and have to rush around town trying to come up with money for the closing fees.
However, you need not be surprised!
Just have your Realtor request from us a preliminary settlement statement reflecting an estimate of your closing costs.
As you may know, closing costs simply refer to the fees associated with the escrow and closing process in a real estate transaction.
Typically, you will incur charges for tax pro-rations, homeowner’s association or condominium fee pro-rations, lender’s fees, including credit check and appraisal fees, points and loan origination charges, and pre-paid escrow fees for your escrow account with the mortgage company. As well, there will be title charges, including the settlement fee, abstract fee, courier and delivery fees, title insurance premiums, and recording costs paid to the clerk of court.
Should you desire a preliminary settlement statement for your closing, just click on the link below and complete some basic information about your sale or purchase. We will provide an estimate for you with no obligation or cost for this service!
At First title & Abstract, Inc. we believe an informed consumer is a happy customer. All of us stand ready to serve you in your real estate transaction, and look forward to working with you!