Closing Costs

Closing Costs

Choosing the right home is just one part of the home sale or purchase. Revolution Realty is experienced at assisting both buyers and sellers with closing procedures. Call our New Orleans-area realtors today at (504) 309-7224 if you need assistance in buying or selling a home in Metairie, Kenner, New Orleans, Gretna / West Bank, or the Mississippi Gulf Coast.

What closing costs should you expect?

There are certain expenses related to closing the sale of a house. These expenses are divided between the buyer and seller, as per the sales contract. Many of these expenses are universal but there are some that aren't, so you will want an experienced real estate expert to guide you through this process.

Costs pertaining to your mortgage to be paid at closing
  • Points (Optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account
Taxes you may be responsible for at closing
  • Property Taxes
  • Transfer Taxes and Recording Fees
At closing, these fees may be due
  • Homeowners Insurance
  • Flood Insurance
  • Private Mortgage Insurance (PMI) (Optional)
  • Title Insurance
Sellers: Revolution Realty Realtors will not only strive to get the best sales price, but we will also advocate for lower closing costs.

Buyers: If you are buying real estate, you will receive a "Good Faith Estimate" (GFE) of closing costs prior to your closing. The estimate will be based on the loan officer's experience and is required to be within an acceptable range so you are not surprised when you get to the closing. We will be glad to review the GFE with you, answering questions and highlighting any expenses that appear to be out of the ordinary.

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