Signed in as:
filler@godaddy.com
TRUTH BEHIND CLOSING COSTS
Closing costs are one of the most over looked parts of a real estate transaction. Both sides have costs to pay for at closing. While the seller's costs are paid for out of the profits from the sale, the buyer's costs come out of pocket.
Seller generally pays for....
Seller generally pays for....
Seller generally pays for....
- Real Estate Commission
- Owner’s Title Insurance Premium
- Document preparation Fee for Deed
- Document Transfer Tax
- Any City Transfer/Conveyance Tax
- Any Loan Fees required by buyer’s lender
- Payoff of all loans in sellers’ name
- Interest accrued to lender being paid off
- Statement fees, Reconveyance Fees and any loan prepayment penalties
- Any judgments, tax liens, etc., against the seller and recording charges to clear all documents of record against seller
- Tax Proration (for any upaid taxes up to time of transfer of title)
- Any unpaid Homeowner’s Dues
- Homeowner’s Association Document Fee
- Any bonds or assessments
- Any and all delinquent taxes
- Notary Fees
- Courier Fees
Buyer generally pays for....
Seller generally pays for....
Seller generally pays for....
- Lender’s Title Insurance Premium
- Escrow fees
- Recording charges for all documents in buyer’s name
- Tax proration (from date of acquisition)
- Homeowner’s Transfer Fee
- All new loan charges (except those required by lender for seller to pay)
- Interest on new loan from date of funding to 30 days prior to first payment
- Assumption/change of Records fees for take-over of existing loan
- Inspection fees (roof, property inspection, geological, etc.)
- City Transfer/Conveyance Tax
- Fire insurance premium for the first year
- Notary Fees
- Courier Fees
Copyright © 2022 The Baking Realtor - All Rights Reserved.
Powered by GoDaddy Website Builder
Hi. We like cookies.
They tell us how many people view our page so we can continue to grow and improve.