Don't forget to factor in closing costs when considering a home sale or purchase. TransEra Realty is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call us today at 7632636610 if your needs include a real estate pro experienced in the business side of buying and selling.

Anticipated closing costs

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

Loan-related closing costs    (Learn more)

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

Taxes commonly paid at closing    (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 hammer out your transaction, not only will we work to get the highest sales price, but we'll also push for limited closing costs. And once we've reached an agreement, we'll walk you through the closing costs so you are informed of exactly where your money is going.

Buyers: When purchasing a property in Big Lake, 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 startled when you reach the closing appointment. We'll be glad to go through the GFE with you, answering your questions and highlighting any estimates that seem unusual.

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TransEra Realty

123 Corrinne Dr
Big Lake, MN 55309