What closing costs should you expect?
There are certain ordinary expenses related to closing the sale of a house. These expenses are usually split 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 Guam to help lead you through your transaction.
Loan-related closing costs (More information)
At closing, the following taxes are usually collected (More information)
At closing, these fees are often due (More information)
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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 advocate for reduced closing costs. And once we've arrived at an agreement, I'll fully explain the closing costs so you are informed of exactly where your money is going.
Buyers: If you are purchasing real estate in Guam County, you will be given a "Loan Estimate" (LE) 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 suitable range so you're not surprised when you arrive at closing time. I'll be glad to look over the LE with you, answering your questions and highlighting any estimates that seem unusual.
