Finding the right home at the right price is just one part of a real estate transaction. Safari Realty is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call us today at 1-718-442-5200 if your needs include a professional REALTOR® experienced in the business side of real estate.

What closing costs should you expect?

There are certain typical expenses linked to closing the sale of a house. These costs are commonly split between the buyer and seller, as directed in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in New York to help guide you through your process.

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

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

Taxes you may be responsible for at closing    (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 deal, I'll not only work to get the very best sales price, but I'll also campaign for limited closing costs. And once we've reached 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 purchasing a property in Richmond County, you'll get 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 reasonable range so you're not astonished when you come to closing time. I'll be glad to look through the GFE with you, answering your questions and highlighting any estimates that seem off.


Better Homes & Garden Real Estate Safari Realty 1958 Victory Boulevard Staten Island, New York 10314
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