Why Sell With Us?
We understand how important it is to find the right agent to list your home. For homeowners, it is
their largest financial investment and should be treated as such. Selling your home involves much more than just placing a “For Sale” sign in your front yard and attending the closing. It’s vital to
promote your listing to thousands of potential buyers non-stop.
We, at Huntersville Realty not only represent the sellers, we also have agents who are looking for qualified buyers for your home. Our goal is to give your home the attention it deserves. The highest exposure to qualified buyers, with the goal of minimizing time on the market and attain the best value for your home. Interview us today for the job of listing your home! Call us now at 704-458-3331.
Marketing Your Home
Selling a home takes a well thought out game plan. We have just that ready to list your home.View Our Marketing Plan
What’s Your Home Worth?
Not sure if this is a good time to sell? Wonder how much you could get for your home? Let us create a comparative market analysis for your home to answer those questions and more.
Escrow and Closing Costs
If this is your first mortgage, you are probably still getting used to the concept of paying more money, beyond your down payment. In most transactions, closing costs are paid by the person purchasing the home, but with some mortgages (VA for example) the seller can pay closing costs. A big part of costs and fees actually go to third parties who process the mortgage, as well as local government. At Huntersville Realty, Michele Veloso and her team walk you through each cost and explain in detail what you are paying so there are no surprises at closing.
We communicate to our clients what the costs and fees are, how they are calculated, and why you (or the seller) have to pay them. Here’s a breakdown of the most common closing costs and fees with a rough estimate of average cost:
Appraisal (up to $450) – This is paid to the appraisal company to confirm the fair market value of the home.
Credit Report (up to $30) – A Tri-merge credit report is pulled to get your credit history and score.
Closing Fee or Escrow Fee (generally calculated a $2.00 per thousand of purchase price plus $250) – This is paid to the title company, escrow company or attorney for conducting the closing. The title company or escrow oversees the closing as an independent party in your home purchase. The State of North Carolina requires a real estate attorney be present at every closing
Title Company Title Search or Exam Fee (varies greatly) – This fee is paid to the title company for doing a thorough search of the property’s records. The title company researches the deed to your new home, ensuring that no one else has a claim to the property.
Survey Fee (up to $400) – This fee goes to a survey company to verify all property lines. This is not required in the State of North Carolina.
Flood Determination or Life of Loan Coverage (up to $20) – This is paid to a third party to determine if the property is located in a flood zone. If the property is found to be located within a flood zone, you will need to buy flood insurance. The insurance is paid separately.
Courier Fee (up to $30) – This covers the cost of transporting documents to complete the loan transaction as quickly as possible.
Lender’s Policy Title Insurance (Calculated from the purchase price off a rate table. Varies by company) – This is insurance to assure the lender that you own the home and the lender’s mortgage is a valid lien.
Owner’s Policy Title Insurance (Calculated from the purchase price off a rate table. Varies by company) – This is an insurance policy protecting you in the event someone challenges your ownership of the home.
Homeowners’ Insurance ($300 and up) – This covers possible damages to your home. Your first year’s insurance is often paid at closing.
Buyer’s Attorney Fee ($400 and up)
Escrow Deposit for Property Taxes & Mortgage Insurance (varies widely) – Most transactions require two months of property tax and mortgage insurance payments at closing.
Transfer Taxes (varies widely by state & municipality) – This is the tax paid when the title passes from seller to buyer.
Recording Fees (varies widely depending on municipality) – A fee charged by your local recording office, usually city or county, for the recording of public land records.
Processing Fee (up to $1,000) – This goes to your lender. It reimburses the cost to process the information on your loan application.
Underwriting Fee (up to $795) – This also goes to your lender, covering the cost of researching whether or not to approve you for the loan.
Loan Discount Points (often zero to two percent of loan amount) – “Points” are prepaid interest. One point is one percent of your loan amount. This is a lump sum payment that lowers your monthly payment for the life of your loan.
Pre-Paid Interest (varies depending on loan amount, interest rate and time of month you close on your loan) – This is money paid at closing in order to get the interest paid up through the first of the month.
Property Tax (usually 6 months of county property tax)
Wood Destroying Pest Inspection and Allocation of Costs – If required by the lender or buyer, the inspection generally runs up to $150.00.
Home Inspection (usually costs around $225 – $450) verify the condition of a property and to check for home repairs that may be needed before closing.
Closing costs and fees are part of a mortgage, and knowing what they are and how much they should be is important. At Huntersville Realty we make sure all of our clients are educated on closing costs and the financial responsibilities for a smooth transaction and a happy road to home ownership!