Finding the right home at the right price is just one aspect of a home sale or purchase. Allen Brothers Realtors is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call us today at (713) 524-2292 if your needs include a professional REALTOR® experienced in the business side of buying and selling.

Anticipated closing costs

There are certain expected fees linked to closing the sale of a house. These fees are commonly divided between the buyer and seller, as instructed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Texas to help lead you through your deal.

Closing costs that are loan-related    (Details)

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

At closing, the following taxes are usually collected    (Details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Details)

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

Sellers: As we negotiate your transaction, we'll not only work to get the very best sales price, but we'll also campaign for reduced closing costs. And once we've come to an agreement, we'll walk you through the closing costs so you are informed of exactly what you're paying for.

Buyers: When buying real estate in Houston, you'll 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 prior experience and is required to be within an appropriate range so you're not shocked when you get to closing time. We'll be glad to look at the GFE with you, answering your questions and highlighting any estimates that seem questionable.

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