
	Don't forget to factor in closing costs when considering a home sale or purchase. Bear Country Realty is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call us today at 218-741-4920 if your needs include a real estate pro ready for the business side of buying and selling.

Closing costs you should expect

There are certain typical fees linked to closing the sale of a house. These expenses are often divided 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 Minnesota to help guide you through the deal.

Closing costs that are loan-related (Learn more)

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

At closing, these taxes are usually collected (Learn more)

Property Taxes
Transfer Taxes and Recording Fees

Insurance fees due at closing (Learn more)

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

Sellers: As we get through the details of your deal, I'll not only work to get the very best sales price, but I'll also campaign for reduced closing costs. And once we've come to an agreement, I'll explain in detail the closing costs so you are informed of exactly where your money is going.

Buyers: When purchasing real estate in Saint Louis County, you will 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 past experiences and is required to be within a suitable range so you're not shocked when you get to the closing table. I'll be glad to look at the GFE with you, answering your questions and highlighting any estimates that seem unusual.