Don't forget to factor in closing costs when considering a home sale or purchase. Precious Realty & Mortgage is seasoned at aiding both buyers and sellers when it comes to closings. E-mail or call us today at (713) 988-1425 if your needs include a professional REALTOR®experienced in the business side of real estate.

Expected closing costs

There are certain standard costs accompanying closing the sale of a house. These fees are often split between the buyer and seller, as spelled out in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Texas to help lead you through your deal.


Loan-related closing costs (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

Insurance fees due at closing    (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 sale, not only will we work to get the very best sales price, but we'll also advocate for reduced closing costs. And once we've come to an agreement, we'll walk you through the closing costs so you are aware of exactly where your money is going. 

Buyers: If you are purchasing real estate in Houston, 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 previous experience and is required to be within an appropriate range so you're not startled when you show up at the closing appointment. We'll be glad to review the GFE with you, answering your questions and highlighting any estimates that seem off.