
	Don't forget to factor in closing costs when considering a home sale or purchase. Scott and Associates, Realtors is seasoned at aiding both buyers and sellers when it comes to closings. E-mail or call us today at 918-333-2700 if your needs include a real estate pro experienced in the business side of buying and selling.

Anticipated closing costs

There are certain expected costs linked to closing the sale of a house. These costs are commonly split 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 Oklahoma to help lead you through your deal.

Closing costs that are tied to financing (Click here for details)

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

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

Property Taxes
Transfer Taxes and Recording Fees

At closing, these fees are often due (Click here for details)

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

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

Buyers: If you are purchasing real estate in Washington County, I'll prepare a cost estimate before you make your offer and you'll be given a "Good Faith Estimate" (GFE) of closing costs by the Lender 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 reach the closing appointment. I'll be glad to go through the GFE with you, answering your questions and highlighting any estimates that seem off.