Finding the right home at the right price is just one part of a real estate transaction. Word Properties Group is seasoned at helping both buyers and sellers when it comes to closings. E-mail or call us today at 615-647-5912 if your needs include a real estate pro experienced in the business side of buying and selling.

Anticipated closing costs

There are certain expected expenses related to closing the sale of a house. These fees are usually divided between the buyer and seller, as noted in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Tennessee to help guide you through your transaction.

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

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

At closing, the following taxes are usually collected    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for more information)

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

Sellers: As we negotiate your sale, not only will we work to get the optimal sales price, but we'll also advocate for lower closing costs. And once we've come to an agreement, we'll describe in detail the closing costs so you are aware of exactly what you're paying for.

Buyers: When buying a home in Middle Tennessee, 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 prior experience and is required to be within a suitable range so you're not stunned when you reach the closing appointment. We'll be happy to look through the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.