Finding the right home at the right price is just one aspect of a real estate transaction. Suburban Realty is seasoned at assisting both buyers and sellers when it comes to closings. E-mail or call us today at (907) 248-3606 if your needs include a real estate pro ready for the business side of real estate.

What closing costs should you expect?

There are certain standard costs accompanying closing the sale of a house. These expenses are commonly divided between the buyer and seller, as directed in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in Alaska to help lead you through the deal.

Closing costs that are tied to your mortgage    (More information)

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

At closing, the following taxes are usually collected    (More information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (More information)

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

Sellers: As we negotiate your sale, not only will we work to get the optimal sales price, but we'll also advocate for limited closing costs. And once we've reached an agreement, we'll describe in detail the closing costs so you are informed of exactly what you're paying for.

Buyers: If you are buying a property in Anchorage, 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 past experiences and is required to be within a suitable range so you're not stunned when you arrive at the closing appointment. We'll be glad to look through the GFE with you, answering your questions and highlighting any estimates that seem off.

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