Don't forget to factor in closing costs when considering a home sale or purchase. Jim Maloof Realtor is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call us today at 309-690-4282 if your needs include a real estate pro experienced in the business side of real estate.

Anticipated closing costs

There are certain basic costs associated with closing the sale of a house. These fees are often divided between the buyer and seller, as instructed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Illinois to help lead you through your deal.

Loan-related closing costs    (Click here for details)

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

Taxes commonly paid at closing    (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 negotiate your transaction, not only will I work to get the optimal sales price, but I'll also push for lower closing costs. And once we've reached an agreement, I'll fully explain the closing costs so you know exactly where your money is going.

Buyers: If you're buying a home in Peoria County, you will 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 closing time. I'll be willing to go through the GFE with you, answering your questions and highlighting any estimates of concern.

Jim Maloof Realtor - Peoria
Phone: Cell:

VILLENEAUVE | Deb's Blog

Copyright © 2012 Jim Maloof Realtor - Peoria
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.