What closing costs should you expect?

There are certain ordinary expenses associated with closing the sale of a house. These expenses are often split between the buyer and seller, as spelled out in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in New Mexico to help guide you through the transaction.

Loan-related closing costs    (Details)

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

At closing, the following taxes are usually paid    (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 get through the details of your sale, I'll not only work to get the highest sales price, but I'll also campaign for limited closing costs. And once we've reached an agreement, I'll fully clarify the closing costs so you are informed of exactly where your money is going.

Buyers: When buying a house in Santa Fe County, you will receive a "Loan Estimate" (LE) 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 an acceptable range so you're not surprised when you show up at the closing table. I'll be willing to review the LE with you, answering your questions and highlighting any estimates that seem questionable.