Finding the right home at the right price is just one part of a home sale or purchase. GEORGE BALDWIN LLC, REALTORS® is seasoned at aiding both buyers and sellers when it comes to closings. E-mail or call us today at 814-838-8773 if your needs include a professional REALTOR® experienced in the business side of real estate.

Expected closing costs

There are certain ordinary costs accompanying closing the sale of a house. These fees are commonly divided between the buyer and seller, as noted in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in Pennsylvania to help lead you through your transaction.

Costs pertaining to your mortgage to be paid at closing    (Click here for more information)

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

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

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for more information)

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

Sellers: As we hammer out your deal, we'll not only work to get the highest sales price, but we'll also advocate for limited closing costs. And once we've arrived at an agreement, we'll describe in detail the closing costs so you know exactly what you're paying for.

Buyers: If you're purchasing a home in Erie, you'll be given 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 a suitable range so you're not surprised when you get to the closing table. We'll be glad to go through the GFE with you, answering your questions and highlighting any estimates that seem questionable.

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