Edmond, Oklahoma City and Deer Creek real estate and homes for sale in Oklahoma, acreages, new construction - Dan & Barbara Cunningham, REALTORS® Dan & Barbara Cunningham REALTORS(r) for Edmond, Oklahoma City and Deer Creek, Oklahoma real estate, acreages, new construction - NUMBER1EXPERTS™ Dan & Barbara Cunningham NUMBER1EXPERTS(tm) for Edmond, Oklahoma City and Deer Creek, Oklahoma real estate, acreages, new construction

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Real Estate Tips
Closing or Settlement >Estimated Closing Costs

There is a federal law that requires mortgage lenders to give prospective buyers an itemized, "good-faith" estimate of their closing costs. Sometimes buyers arrive at the closing with this document in hand and proceed to question each item on the final closing statement that does not match the estimate exactly.

These "good-faith" estimates are just that--estimates. The lender's charges will be fairly accurate, but the charges for attorneys, termite inspections, title insurance, and other items that appear on the closing sheet may vary from the estimate. Some pro-rated items, such as taxes or homeowner's association fees, will also be different if you don't close on the date that was used to calculate the estimate. The purpose of the disclosure law is to give you a ball park figure of your closing costs. But the estimate you are given won't be to the penny--probably not even to the dollar!

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Real Estate Trivia
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What was a sure way to accumulate wealth through the 1970s and early 1980s?

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Many people made their fortunes in real estate during this period.
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Dan & Barbara Cunningham - Oklahoma City, Edmond OK real estate experts

Dan & Barbara Cunningham
RE/MAX Associates

1900 S.E. 15th Street, Suite 500
Edmond OK
73013
405-359-8700
Fax: 405-341-7410
buyahome@danbarb.com

Dan and Barbara's business philosophy is to treat each client as though they are family. Building long-term relationships with honesty and putting the clients needs first have made Dan and Barbara highly respected and recognized REALTORS in the Edmond, Deer Creek and Oklahoma City area. Whether a first home or a dream home Dan and Barbara take time to listen to their clients and their needs to achieve exceptional results.

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