Don't forget to factor in closing costs when considering a home sale or purchase. Sue Mark-Lunde & Tye Olsen is seasoned at aiding both buyers and sellers when it comes to closings. E-mail or call us today at 801-580-2378 if your needs include a professional REALTOR® ready for the business side of real estate.

What closing costs should you expect?

There are certain standard costs linked to closing the sale of a house. These costs are usually divided between the buyer and seller, as noted in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in Utah to help show you through your process.

Costs pertaining to your mortgage to be paid at closing    (Learn more)

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

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

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (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 transaction, not only will I work to get the optimal sales price, but I'll also campaign for reduced closing costs. And once we've come to an agreement, I'll give a detailed list of the closing costs so you are informed of exactly what you're paying for.

Buyers: When buying a house in Salt Lake 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 previous experience and is required to be within a reasonable range so you're not surprised when you reach closing time. I'll be willing to review the GFE with you, answering your questions and highlighting any estimates that seem unusual.