Don't forget to factor in closing costs when considering a home sale or purchase. Harrell & Associates Real Estate is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call us today at 512-556-3131 if your needs include a real estate pro experienced in the business side of real estate.

Anticipated closing costs

There are certain basic costs related to closing the sale of a house. These expenses are usually split between the buyer and seller, as dictated in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Texas to help guide you through the deal.

Loan-related closing costs    (Click here for details)

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

Taxes you may be responsible for at closing    (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 deal, not only will we work to get the optimal sales price, but we'll also advocate for lower closing costs. And once we've arrived at an agreement, we'll fully explain the closing costs so you are informed of exactly where your money is going.

Buyers: If you're buying real estate in Lampasas, you will 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 previous experience and is required to be within an appropriate range so you're not startled when you get to the closing appointment. We'll be happy to look over the GFE with you, answering your questions and highlighting any estimates in question.