Don't forget to factor in closing costs when considering a home sale or purchase. Fayette Realty, LLC is seasoned at aiding both buyers and sellers when it comes to closings. E-mail or call us today at 901.465.6560 if your needs include a professional REALTOR® ready for the business side of buying and selling.

Anticipated closing costs

There are certain normal costs related to closing the sale of a house. These expenses are often split between the buyer and seller, as spelled out in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Tennessee to help lead you through your transaction.

Loan-related closing costs    (Click here for more information)

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

At closing, these taxes are usually collected    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for more information)

  • Homeowners Insurance
  • Flood or Quake Insurance (optional)
  • Private Mortgage Insurance (PMI) (optional)
  • Title Insurance

Sellers: As we hammer out 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 arrived at an agreement, I'll fully explain the closing costs so you are aware of exactly what you're paying for.

Buyers: If you're buying a house in Fayette County, you will 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 prior experience and is required to be within a tolerable range so you're not surprised when you come to closing time. I'll be willing to go through the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

Fayette Realty, LLC 116 W Market St P.O. Box 883 Somerville, TN 38068-1410
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