
	Don't forget to factor in closing costs when considering a home sale or purchase. Prudential Carruthers, REALTORS® is seasoned at assisting both buyers and sellers when it comes to closings. E-mail or call us today at 410-647-8000 ext. 817 if your needs include a professional REALTOR^® ready for the business side of buying and selling.

What closing costs should you expect?

There are certain typical costs linked to closing the sale of a house. These costs are often divided between the buyer and seller, as instructed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Maryland to help show you through the transaction.

Costs pertaining to your loan to be paid at closing (Learn more)

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

At closing, the following taxes are usually paid (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 get through the details of your deal, I'll not only work to get the highest sales price, but I'll also advocate for lower closing costs. And once we've arrived at an agreement, I'll fully explain the closing costs so you are aware of exactly what you're paying for.

Buyers: If you're purchasing real estate in Anne Arundel County, you will 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 reasonable range so you're not shocked when you reach closing time. I'll be willing to look at the GFE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

Prudential Carruthers, REALTORS® 565 Benfield Road Severna Park, MD 21146

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