Don't forget to factor in closing costs when considering a home sale or purchase. May Lee / Judy Wang Realtors is seasoned at assisting both buyers and sellers when it comes to closings. E-mail or call me today at (408) 207-3500 if your needs include a real estate pro experienced in the business side of buying and selling.

Closing costs you should expect

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

Loan-related closing costs    (Click here for more information)

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

At closing, the following taxes are usually collected    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for more information)

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

Sellers: As we get through the details of your sale, not only will I work to get the highest sales price, but I'll also campaign for lower closing costs. And once we've arrived at an agreement, I'll give a detailed list of the closing costs so you know exactly where your money is going.

Buyers: When purchasing a property in Santa Clara 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 past experiences and is required to be within a reasonable range so you're not astonished when you get to the closing table. I'll be willing to look at the GFE with you, answering your questions and highlighting any estimates of concern.

1st time buyer

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your name, email, and phone number, I will be in touch within 12
hours. Let's make this the first step toward your dream home!
 

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