Welcome to Real Estate of Midland presented by REALTOR CONNIE KILLINGBECK of REMAX of Midland

Buyer Resources: Costs & Expenses.

Out of pocket expenses to expect before we get to closing on your new home:

1. Earnest Money. Also called "good faith" money. This shows the seller you intent to purchase and is credited to you in your closing costs.

$500 - $5000 (and up)

2. Home Inspection. Not to re-negotiate the purchase price with the seller. For you to find out the possible problems with the home you want to purchase.

$200 - $300

3. Home Owners Insurance for one year to be purchased prior to closing on the new home.

$150 - $500

4. Application fee with lender, usually for the credit report and appraisal. Will be credited back to you at closing.

$250 - $300

Note: Did you know that you can actually get into a home with $0 Down?!

See me for details!

THE COSTS OF CLOSING THE DEAL! Closing costs are the incurred expenses over and above the price of the property. The total can be several thousand dollars, not including the down payment. Costs vary depending on the state and financing terms. I can help you understand what costs to expect at the closing and in what form they must be paid (certified, cashier's, or personal check). Costs you may incur are as follows:
Mortgage Application fees Appraisal fees Survey fees Loan origination fees PMI Points Title insurance Credit report costs Future interest payments depending on the loan terms	Other professional Attorney fees Real estate transaction fees Escrow company fees Closing company fees
Title Title transfer fees Recording fees	Additional state of local taxes (could include property taxes) insurance Homeowner's insurance Hazard insurance, if required by state of local law
For more information on buying or selling your Home or if you have any questions about closing on a home call Connie Killingbeck. She is devoted to providing the best information and the friendliest, highest-quality real estate service in the Midland area. Contact Connie Killingbeck today to buy or sell your Home!

If you have any questions or would like help buying or selling your Home, contact Connie Killingbeck
RE/MAX of Midland		Connie Killingbeck (517) 923-4311 Office (800) 311-7997 Toll Free (517) 832-2031 Fax sold@conniekillingbeck.com