
	Don't forget to factor in closing costs when considering a home sale or purchase. Sheryl Romeo Real Estate is seasoned at aiding both buyers and sellers when it comes to closings. E-mail or call us today at (301) 848-1127 if your needs include a real estate pro experienced in the business side of real estate.

Expected closing costs

There are certain basic expenses associated with closing the sale of a house. These expenses are usually divided between the buyer and seller, as spelled out in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Maryland to help guide you through your deal.

Loan-related closing costs (Click here for details)

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

Taxes commonly paid at closing (Click here for details)

Property Taxes
Transfer Taxes and Recording Fees

Insurance fees due at closing (Click here for details)

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

Sellers: As we hammer out your sale, not only will I work to get the very best sales price, but I'll also advocate for reduced closing costs. And once we've reached an agreement, I'll fully explain the closing costs so you are informed of exactly what you're paying for.

Buyers: When purchasing a home in Prince Georges 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 reach the closing table. I'll be happy to look through the GFE with you, answering your questions and highlighting any estimates that are uncertain.