Don't forget to factor in closing costs when considering a home sale or purchase. Rose & Womble Realty is seasoned at assisting both buyers and sellers when it comes to closings. E-mail or call us today at 757-754-2442 if your needs include a real estate pro ready for the business side of real estate.

Closing costs you should expect

There are certain normal expenses accompanying closing the sale of a house. These expenses are often 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 Virginia to help show you through your process.

Loan-related closing costs    (More information)

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

At closing, the following taxes are usually paid    (More information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (More information)

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

Sellers: As we hammer out your deal, not only will I 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 fully explain the closing costs so you are aware of exactly where your money is going.

Buyers: When buying a home in Virginia Beach City County, you'll 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 shocked when you show up at closing time. I'll be happy to look over the GFE with you, answering your questions and highlighting any estimates in question.
123 S Lynnhaven Rd Virginia Beach, VA 23452-7401
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