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Real Estate Tips
Closing or Settlement >Estimated Closing Costs

There is a federal law that requires mortgage lenders to give prospective buyers an itemized, "good-faith" estimate of their closing costs. Sometimes buyers arrive at the closing with this document in hand and proceed to question each item on the final closing statement that does not match the estimate exactly.

These "good-faith" estimates are just that--estimates. The lender's charges will be fairly accurate, but the charges for attorneys, termite inspections, title insurance, and other items that appear on the closing sheet may vary from the estimate. Some pro-rated items, such as taxes or homeowner's association fees, will also be different if you don't close on the date that was used to calculate the estimate. The purpose of the disclosure law is to give you a ball park figure of your closing costs. But the estimate you are given won't be to the penny--probably not even to the dollar!

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Real Estate Trivia
Q 
Into what category do forty-four percent of home buying households fall?

A 
Forty-four percent of home-buying households are made up of married couples with dependents.
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The Deal Team, REALTOR®, real estate agent and broker for Biloxi, Ocean Springs and Gulfport, Mississippi home listings, property and land for sale - NUMBER1EXPERT(tm)

Allen and Jeanne Deal
The Deal Team

Keller Williams Realty
243 Beauvoir Road Suite A
Biloxi, MS 39531
Cell: 228-424-6521
Fax : 228-275-7501
EMAIL: TheDealTeam@gmail.com

The Deal Team with Keller Williams Realty, Mississippi Gulf Coast provides expert Real Estate services and strategies to help you get great deals in the competitive market. With over 14 years combined of real estate experience, Allen and Jeanne Deal are experts in many parts of real estate industry, including Residential, Land, Condos and Commercial Sales and Leases. Casino, Cooperate Cmployees, and Military Personal Relocation, and also in real estate consulting, negotiation, and marketing strategies for sellers and buyers. The Deal Team has over 70 Keller Williams’ Realtors® in the office that can assisted you at any time. Call 228-424-6521 or 228-861-4165 TODAY!

ABR CRS ePro Equal Housing GRI MLS REALTOR


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