Closing Costs


	Finding the right home at the right price is just one aspect of a real estate transaction. Ron & Jon Real Estate Team is seasoned at helping both buyers and sellers when it comes to closings. E-mail or call us today at 209-996-9792 if your needs include a real estate pro ready for the business side of real estate.

Anticipated closing costs

There are certain normal costs associated with closing the sale of a house. These fees are often split between the buyer and seller, as directed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in California to help show you through the transaction.

Loan-related closing costs (Click here for details)

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

At closing, the following taxes are usually collected (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 negotiate your sale, not only will I work to get the optimal sales price, but I'll also push for reduced closing costs. And once we've reached an agreement, I'll walk you through the closing costs so you are aware of exactly what you're paying for.

Buyers: When buying a property in Merced 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 prior experience and is required to be within a suitable range so you're not surprised when you get to the closing appointment. I'll be happy to look over the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

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