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Realty Professionals
8070 21 Mile Rd.
Shelby Twp., MI 48317
ph:  586.932.2660
fax: 586.932.2662
al@mirealtypros.com
Home > Closing Checklist
Closing Cost Checklist

Closing costs you should expect

There are certain basic expenses linked to closing the sale of a house. These costs are commonly divided between the buyer and seller, as directed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Michigan to help lead you through your process.

Loan-related closing costs detailed loan closing costs  

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

Taxes commonly paid at closing detailed tax closing costs

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing detailed insurance closing costs

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


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

Buyers: When buying a house in Macomb 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 an appropriate range so you're not astonished when you get to the closing appointment. I'll be willing to look over the GFE with you, answering your questions and highlighting any estimates that seem unusual.