
	Don't forget to factor in closing costs when considering a home sale or purchase. Cheryl Talbot , ABR, GRI,e-PRO,SFR is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call us today at 757-478-1167 if your needs include a real estate pro experienced in the business side of buying and selling.

Closing costs you should expect

There are certain standard expenses related to 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 universal, but there are nuances to each, so you'll want a real estate expert in Virginia to help show you through the deal.

Closing costs that are loan-related (Click here for details)

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

At closing, these taxes are usually paid (Click here for details)

Property Taxes
Transfer Taxes and Recording Fees

Insurance fees due at closing (Click here for details)

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

Sellers: As we negotiate your transaction, not only will I work to get the optimal sales price, but I'll also advocate for reduced closing costs. And once we've arrived at an agreement, I'll explain in detail the closing costs so you are informed of exactly where your money is going.

Buyers: If you're buying a property in Virginia Beach City 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 previous experience and is required to be within an acceptable range so you're not surprised when you come to closing time. I'll be willing to look at the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.