Don't forget to factor in closing costs when considering a home sale or purchase. MOVE Utah Real Estate is seasoned at assisting both buyers and sellers when it comes to closings. E-mail or call us today at 801.205.7355 if your needs include a professional REALTOR® ready for the business side of buying and selling.

Closing costs you should expect

There are certain expected costs accompanying closing the sale of a house. These expenses are often divided between the buyer and seller, as noted in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Utah to help guide you through your deal.

Costs pertaining to your loan to be paid at closing    (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 get through the details of your sale, not only will I work to get the highest sales price, but I'll also push for limited closing costs. And once we've reached an agreement, I'll fully clarify the closing costs so you are informed of exactly what you're paying for.

Buyers: If you're buying a house in Salt Lake 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 stunned when you show up at closing time. I'll be glad to look over the GFE with you, answering your questions and highlighting any estimates that seem unusual.

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