Closing costs WHO PAYS WHAT?
Closing costs are fees paid by the buyer and seller during the course of the transaction. Early in the process, we will provide a good-faith estimate which includes your closing costs and settlement charges.
Many fees are negotiable, however, closing costs include loan origination fees, discount points, appraisal fees, title searches, title insurance, surveys, taxes, deed-recording fees, initial deposit for your escrow account, homeowners insurance, and credit report charges.
BUYERS
SELLERS
TYPICALLY PAYS:
Inspection fees Real estate commissions Any judgments or liens County transfer taxes One-half of city transfer taxes, if applicable Delinquent property taxes TYPICALLY PAYS:
Loan and appraisal fees required by your lender Title insurance premium for your lender Fire and hazard insurance premium Inspection fees if not provided by the seller One-half of city transfer tax, if applicable
Made with FlippingBook - Online Brochure Maker