Don't forget to factor in closing costs when considering a home sale or purchase. Metro First Realty is seasoned at helping both buyers and sellers when it comes to closings. E-mail or call us today at (405) 483-0003 if your needs include a professional REALTOR® ready for the business side of buying and selling.

What closing costs should you expect?

There are certain normal costs related to closing the sale of a house. These expenses are commonly split between the buyer and seller, as directed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Oklahoma to help guide you through your process.

Costs pertaining to your loan to be paid at closing    (Click here for details)

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

Taxes you may be responsible for at closing    (Click here for details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

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

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

Sellers: As we get through the details of your transaction, we'll not only work to get the highest sales price, but we'll also push for lower closing costs. And once we've reached an agreement, we'll give a detailed list of the closing costs so you are informed of exactly what you're paying for.

Buyers: When buying a home in Oklahoma County, you'll 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 prior experience and is required to be within an appropriate range so you're not stunned when you reach the closing appointment. We'll be willing to look through the GFE with you, answering your questions and highlighting any estimates that seem unusual.

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