
	Don't forget to factor in closing costs when considering a home sale or purchase. Donovan Brothers Realty Inc. is experienced at helping both buyers and sellers when it comes to closings. E-mail or call us today at 516-822-1222 if your needs include a professional REALTOR^® experienced in the business side of real estate.

What closing costs should you expect?

There are certain expected costs accompanying closing the sale of a house. These fees are usually split between the buyer and seller, as dictated in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in New York to help lead you through your process.

Costs pertaining to your mortgage to be paid at closing (Details)

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

At closing, the following taxes are usually collected (Details)

Property Taxes
Transfer Taxes and Recording Fees

Insurance fees due at closing (Details)

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

Sellers: As we negotiate your deal, I'll not only work to get the highest sales price, but I'll also push for reduced closing costs. And once we've arrived at an agreement, I'll give a detailed list of the closing costs so you know exactly what you're paying for.

Buyers: When purchasing real estate in Nassau County, 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 past experiences and is required to be within an acceptable range so you're not astonished when you reach closing time. I'll be willing to look through the GFE with you, answering your questions and highlighting any estimates in question.