
	Finding the right home at the right price is just one aspect of a home sale or purchase. JP & Associates is seasoned at aiding both buyers and sellers when it comes to closings. E-mail or call us today at 505-323-4006 if your needs include a real estate pro experienced in the business side of real estate.

Closing costs you should expect

There are certain basic expenses associated with closing the sale of a house. These fees are often split 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 New Mexico to help show you through your transaction.

Closing costs that are loan-related (Click here for more information)

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

At closing, the following taxes are usually collected (Click here for more information)

Property Taxes
Transfer Taxes and Recording Fees

Insurance fees due at closing (Click here for more information)

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

Sellers: As we negotiate your deal, I'll not only work to get the highest sales price, but I'll also advocate for lower closing costs. And once we've arrived at an agreement, I'll fully clarify the closing costs so you are aware of exactly what you're paying for.

Buyers: If you are purchasing a house in Bernalillo County, you'll 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 past experiences and is required to be within a tolerable range so you're not startled when you come to closing time. I'll be glad to go over the GFE with you, answering your questions and highlighting any estimates that seem off.

JP & Associates PO Box 51595 Albuquerque, NM 87181

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