Don't forget to factor in closing costs when considering a home sale or purchase. D & L Real Estate is experienced at helping both buyers and sellers when it comes to closings. E-mail or call me today at (507)330-2164 if your needs include a professional REALTOR® experienced in the business side of real estate.

Closing costs you should expect

There are certain typical expenses related to closing the sale of a house. These costs 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 Minnesota to help direct you through your transaction.

Costs pertaining to your mortgage to be paid at closing    (Learn more)

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

At closing, these taxes are usually paid    (Learn more)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Learn more)

  • 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 very best sales price, but I'll also advocate for limited closing costs. And once we've come to an agreement, I'll explain in detail the closing costs so you are informed of exactly what you're paying for.

Buyers: If you are purchasing a property in South Central Minnesota, you'll 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 a suitable range so you're not shocked when you get to the closing table. I'll be willing to look through the GFE with you, answering your questions and highlighting any estimates that seem unusual.