Finding the right home at the right price is just one aspect of a real estate transaction. Fonville Morisey Realty is seasoned at assisting both buyers and sellers when it comes to closings. E-mail or call us today at 919.854.5782 if your needs include a professional REALTOR® experienced in the business side of buying and selling.

Expected closing costs

There are certain basic costs associated with closing the sale of a house. These fees are commonly divided 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 North Carolina to help lead you through your transaction.

Costs pertaining to your mortgage to be paid at closing    (Learn more)

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

At closing, these taxes are usually collected    (Learn more)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Learn more)

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

Sellers: As we negotiate your transaction, I'll not only work to get the highest sales price, but I'll also campaign for lower closing costs. And once we've reached an agreement, I'll give a detailed list of the closing costs so you are informed of exactly what you're paying for.

Buyers: When buying a property in Wake County, you will be given 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 surprised when you get to closing time. I'll be glad to look at the GFE with you, answering your questions and highlighting any estimates that seem off.
2395 Kildaire Farm Rd Lochmere Sales Office Cary, NC 27518-6689
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