Don't forget to factor in closing costs when considering a home sale or purchase. Access Utah Realty, Roger Downward, Owner-Broker is seasoned at aiding both buyers and sellers when it comes to closings. E-mail or call us today at 435-313-3079 if your needs include a professional REALTOR® ready for the business side of real estate.

Closing costs you should expect

There are certain normal fees linked to closing the sale of a house. These fees are usually split between the buyer and seller, as instructed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Utah to help lead you through your process.

Loan-related closing costs    (Learn more)

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

At closing, the following taxes are usually paid    (Learn more)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Learn more)

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

Sellers: As we get through the details of your sale, I'll not only work to get the optimal sales price, but I'll also advocate for lower closing costs. And once we've come to an agreement, I'll describe in detail the closing costs so you are informed of exactly what you're paying for.

Buyers: If you are buying real estate in Washington County, you will receive 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 previous experience and is required to be within a tolerable range so you're not stunned when you reach the closing appointment. I'll be glad to go over the GFE with you, answering your questions and highlighting any estimates in question.

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