Walk Through of the Closing Porcess and Related Expenses PART II

Once the closing date is set, the excitement really grows because you are only a step away from selling your home. It is important to understand the escrow process including looking at the estimated closing costs so that you can stay on top of everything.

The total closing costs involved in a transaction will vary depending on the type of loan the buyer wants, complexity of the transaction and any credits that might be generated during the closing process. These would include, Inspections, Zone Report, Title Insurance, Escrow costs, Brokerage Fees,etc.

When I process a listing, I prepare for you a Seller's Net Sheet to estimate the usual costs associated with selling your home. Once the offer is received, the Buyers may have included in their offer other costs that were not on that first estimate. So I will prepare a new Seller's net sheet specifying those additional costs of selling the home. Yet there may still be additional expenses that were not originally considered. Those may include repairs that have to be made or credits in lieu of repairs that you might consider and agree to.

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