Closing Cost Estimates

Why is it important to send your clients specific closing cost estimates as opposed to general estimates?

A general closing cost estimate offers wide-ranging figures, but it’s not tailored to your client’s specific transaction. This can leave room for surprises, as it often isn’t accurate, and doesn’t account for certain local fees or details of your particular deal. Simply put, it’s the lazy approach and doesn’t separate you from the competition!

For a more specific and accurate estimate, CLP Law can assist in providing a detailed breakdown of the actual closing costs, helping you and your clients better plan financially.

How Can We Help?

We strive to offer a higher level of service providing detailed closing cost estimates tailored to your specific transaction. Let CPL Law help you navigate the complexities of closing costs with confidence and clarity.

By partnering with CPL Law to obtain a specific closing cost estimate, your clients are obtaining a more precise view of the hard costs to expect, thus you are providing them with a higher level of service and sophistication. CPL Law can:

• Identify state and local fees unique to your transaction;
• Offer clarity on attorney fees, filing costs, and title searches;
• Ensure compliance with local regulations and minimize the risk of unexpected costs;
• Provide a personalized estimate based on the exact terms of your deal.

This added level of service enhances your experience, offering transparency and reducing last-minute financial surprises.

Examples of Closing Cost Estimates:

Who Pays the Closing Costs?

Closing costs are typically divided between the buyer and the seller, though the division can vary depending on the negotiation of the deal.

In most cases:

• Buyers are responsible for fees related to their mortgage, such as appraisal fees, mortgage recording tax, loan origination fees, and title insurance.
• Sellers often cover costs such as real estate agent commissions, transfer taxes, building flip tax, and any outstanding property taxes or utilities.

However, some fees may be negotiable depending on the agreement between both parties.

Contact us today to learn more about our services and how we can assist you with your next real estate transaction.