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Closing costs you should expectThere are certain expected expenses linked to closing the sale of a house. These fees are often split between the buyer and seller, as noted in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Tennessee to help guide you through the deal.
Loan-related closing costs (Click here for more information)
At closing, the following taxes are usually collected (Click here for more information)
Insurance fees due at closing (Click here for more information)
Sellers: As we negotiate your transaction, I'll not only work to get the highest sales price, but I'll also advocate for reduced closing costs. And once we've come to an agreement, I'll walk you through the closing costs so you are informed of exactly where your money is going.
Buyers: If you're purchasing a home in Sevier County, 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 past experiences and is required to be within a reasonable range so you're not stunned when you get to the closing table. I'll be willing to look at the GFE with you, answering your questions and highlighting any estimates that are uncertain.