Don't forget to factor in closing costs when considering a home sale or purchase. Realty Associates RI Properties LLC is experienced at helping both buyers and sellers when it comes to closings. E-mail or call us today at 401-942-0110 if your needs include a real estate pro experienced in the business side of real estate.

Expected closing costs

There are certain typical costs linked to closing the sale of a house. These costs are often divided between the buyer and seller, as noted in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Rhode Island to help show you through the transaction.

Loan-related closing costs    (Details)

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

Taxes commonly paid at closing    (Details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Details)

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

Sellers: As we hammer out your deal, not only will I work to get the highest sales price, but I'll also campaign for reduced closing costs. And once we've reached an agreement, I'll walk you through the closing costs so you are aware of exactly where your money is going.

Buyers: If you're purchasing real estate in Providence County, you will get 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 startled when you show up at closing time. I'll be happy to look through the GFE with you, answering your questions and highlighting any estimates that are uncertain.

Realty Associates RI Properties LLC 481 Atwood Avenue Cranston, RI 02920-5745
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