Finding the right home at the right price is just one part of a home sale or purchase. First Team Realty, LLC is experienced at helping both buyers and sellers when it comes to closings. E-mail or call us today at (978) 250-1900 if your needs include a professional REALTOR® experienced in the business side of real estate.

What closing costs should you expect?

There are certain basic fees related to closing the sale of a house. These fees are often split between the buyer and seller, as dictated in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Massachusetts to help guide you through the transaction.

Costs pertaining to your mortgage to be paid at closing    (More information)

  • Points (optional depending on the loan you choose)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

Taxes you may be responsible for at closing    (More information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (More information)

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

Sellers: As we progress through your deal, we'll not only work to get the highest sales price, but we'll also campaign for reduced closing costs. And once we've reached an agreement, we'll work with your lender in helping to explain in detail the closing costs so you are informed of exactly what you're paying for.

Buyers: If you're buying a house, you'll get a "Good Faith Estimate" (GFE) of closing costs shortly after 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 shocked when you arrive at the closing table. We'll be willing to look through the GFE with you, answering your questions and highlighting any estimates that seem unusual.

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