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502 Salem Ave. Woodbury, NJ. 08096 Phone: (856) 848-4446
Jeffrey Tessing ABR, e-PRO \ Geraldine Tessing CRS, GRI
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502 Salem Ave. Woodbury, NJ. 08096 Phone: (856) 848-4446 |
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Jeffrey Tessing ABR, e-PRO \ Geraldine Tessing CRS, GRI |
                 
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Closing Costs |
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Buying or Selling a home can be very stressful. Often because the financial decisions you make will have an impact on your lifestyle and your future. We rely on all of our knowledge, experience and advanced training to protect your best interests and to make the home buying process as comfortable as possible. We encourage all of our clients to take an active role in the process by asking questions, and staying informed throughout the entire sale. If you ever have any questions, you can call and talk to Jeff or Jerri and we will make sure that you understand every step of the process. |
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The final step in purchasing or selling a home is the settlement. The settlement is typically held at the location specified by the buyers agent. The buyers and sellers meet with agents, and a clerk from the chosen Title Insurance Company who normally will conduct the transaction. In some cases the parties involved may also be represented by lawyers or brokers if they so choose. At this meeting you will sign all of the documents that will transfer ownership of the property, along with any loan documents needed for the transfer. The closing involves reviewing many details and processing extensive paperwork to ensure that the transaction is complete, and that it complies with the law. |
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The Costs of Closing the Deal
Closing costs are the incurred expenses that are over and above the selling price of the property. These cost will vary due to the characteristics of the property and the financing terms chosen by the buyer. They normally range anywhere from $2,000 to $6,000 depending on the factors mentioned and the down payment made on the property. We can help you understand what costs to expect at closing and how they will be paid. The following are some of the typical closing costs that will need to be paid during the closing. Keep in mind that each transaction is different, and that there may be other costs or the costs listed here may not all apply to your sale. To learn more about closing costs Click Here.
If you are a buyer, when you have selected a Mortgage Company and a property, the Mortgage Company will supply to you, upon request a "Good Faith Estimate of Closing Costs". This will give you an idea of what to expect to pay at the Settlement Table & your Monthly Mortgage Payment amount. When you have your Offer to Purchase accepted, prior to closing your loan officer will give you a more accurate estimate of what you will need to pay. Upon request, Jeff or Jerri can supply you with a NO COST referral to a qualified Mortgage Lender. For your FREE referral Click Here. *Note: We receive no form of compensation from the selected lenders.
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