Don't forget to factor in closing costs when considering a home sale or purchase. Duros Realty Co. is seasoned at aiding both buyers and sellers when it comes to closings. E-mail or call us today at (614) 519-3357 if your needs include a professional REALTOR® experienced in the business side of buying and selling.

Expected closing costs

There are certain standard expenses linked to closing the sale of a house. These expenses are often divided between the buyer and seller, as spelled out in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Ohio to help guide you through the process.

Loan-related closing costs    (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 get through the details of your transaction, we'll not only work to get the very best sales price, but we'll also advocate for limited closing costs. And once we've reached an agreement, we'll walk you through the closing costs so you are informed of exactly where your money is going.

Buyers: If you are purchasing a property in Columbus Metro, you'll 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 stunned when you show up at the closing appointment. We'll be willing to look through the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

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