
	Don't forget to factor in closing costs when considering a home sale or purchase. Century 21 New Millennium is seasoned at assisting both buyers and sellers when it comes to closings. E-mail or call us today at 301.893.6204 if your needs include a real estate pro ready for the business side of buying and selling.

Expected closing costs

There are certain basic fees accompanying closing the sale of a house. These fees are commonly divided between the buyer and seller, as dictated in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Maryland to help lead you through the deal.

Costs pertaining to your mortgage to be paid at closing (Learn more)

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

At closing, the following taxes are usually paid (Learn more)

Property Taxes
Transfer Taxes and Recording Fees

At closing, these fees are often due (Learn more)

Homeowners Insurance
Flood or Quake Insurance (optional)
Private Mortgage Insurance (PMI) (optional)
Title Insurance

Sellers: As we hammer out your sale, not only will I work to get the optimal sales price, but I'll also advocate for reduced closing costs. And once we've come to an agreement, I'll fully clarify the closing costs so you are informed of exactly where your money is going.

Buyers: If you are purchasing a property in Charles 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 an appropriate range so you're not shocked when you reach the closing table. I'll be glad to go through the GFE with you, answering your questions and highlighting any estimates that seem unusual.