Closing Costs

Don't forget to factor in closing costs when considering a home sale or purchase. Nu Vision Realty is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call us today at (734) 667-1597 if your needs include a professional REALTOR® experienced in the business side of buying and selling.

What closing costs should you expect?

There are certain standard expenses accompanying closing the sale of a house. These expenses are commonly split between the buyer and seller, as directed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Michigan to help lead you through the deal.

Costs pertaining to your loan to be paid at closing (closingcosts loans)

  • Points (optional)

  • Appraisal Fee

  • Credit Report

  • Interest Payment

  • Escrow Account

At closing, these taxes are usually collected (tax-closingcosts)

  • Property Taxes

  • Transfer Taxes and Recording Fees

At closing, these fees are often due (closingcosts Ins)

  • Homeowners Insurance

  • Flood or Quake Insurance (optional)

  • Private Mortgage Insurance (PMI) (optional)

  • Title Insurance

Sellers: As we hammer out your transaction, we'll not only work to get the highest sales price, but we'll also push for reduced closing costs. And once we've arrived at an agreement, we'll describe in detail the closing costs so you are aware of exactly what you're paying for.

Buyers: If you're buying a house in Wayne 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 reach closing time. We'll be happy to look over the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

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