Finding the right home at the right price is just one part of a home sale or purchase. CENTURY 21 MVP is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call us today at 865.429.2121 if your needs include a real estate pro ready for the business side of buying and selling.

Closing costs you should expect

There 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)

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

At closing, the following taxes are usually collected    (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 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.