What closing costs should you expect?There are certain ordinary fees associated with closing the sale of a house. These fees are commonly split between the buyer and seller, as directed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Guam to help direct you through your transaction.
Loan-related closing costs (Click here for details)
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, these taxes are usually paid (Click here for details)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (Click here for details)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
Sellers: As we negotiate your sale, not only will I work to get the optimal sales price, but I'll also push for limited closing costs. And once we've arrived at an agreement, I'll describe in detail the closing costs so you are informed of exactly what you're paying for.
Buyers: When purchasing real estate in Guam County, you will get 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 reasonable range so you're not stunned when you show up at the closing appointment. I'll be willing to go over the GFE with you, answering your questions and highlighting any estimates of concern.