Finding the right home at the right price is just one part of a home sale or purchase. alex-cate realty, LLC is experienced at helping both buyers and sellers when it comes to closings. E-mail
or call me today at 504.488.4398 if your needs include a real estate pro ready for the business side of buying and selling.
Expected closing costs
There are certain typical fees associated with closing the sale of a house. These fees are commonly split between the buyer and seller, as noted in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Louisiana to help direct you through your process.
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (More information)
- 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 optimal sales price, but I'll also advocate for lower closing costs. And once we've come to an agreement, I'll give a detailed list of the closing costs so you know exactly what you're paying for.
Buyers: If you are purchasing a house in New Orleans, 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 previous experience and is required to be within a tolerable range so you're not surprised when you get to closing time. I'll be glad to look over the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.