Don't forget to factor in closing costs when considering a home sale or purchase. Matlock Realty is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call us today at (972) 476-6706 if your needs include a professional REALTOR® experienced in the business side of real estate.

Closing costs you should expect

There are certain basic expenses accompanying closing the sale of a house. These fees are commonly split between the buyer and seller, as instructed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Texas to help lead you through your transaction.

Closing costs that are tied to your mortgage    (Click here for more information)

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

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

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for more information)

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

Sellers: As we get through the details of your deal, we'll not only work to get the very best sales price, but we'll also campaign for reduced closing costs. And once we've arrived at an agreement, we'll explain in detail the closing costs so you know exactly what you're paying for.

Buyers: If you're buying a property in Dallas County, you will 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 suitable range so you're not stunned when you show up at the closing table. We'll be happy to look at the GFE with you, answering your questions and highlighting any estimates that are uncertain.