UNDERSTANDING YOUR NUMBERS
SELLER EXPENSES
TYPICAL COST
COMMISSION
6% of purchase price
ATTORNEY FEE
$600 - $1,000+
TITLE INSURANCE (SELLER)
$2,000-$3,500*
RECORDING FEE
$75 - $250
MUNICIPAL TRANSFER TAX
VARIES
STATE TRANSFER TAX
$1.00 per $1,000 of sales price
COUNTY TRANSFER TAX
$.50 per $1,000 of sales price
SURVEY
$500 - $1,000**
WATER CERTIFICATION
$125 - $150
ZONING CERTIFICATION
$175 - $200
PROPERTY TAX CREDIT TO BUYER
105 - 110% of last tax bill
MANAGEMENT COMPANY PROCESSING FEES
$250 - $500***
The figures above are intended to give you a general idea of costs and could be less or more then the amounts stated. Actual costs vary per lender, loan amount, property type and other factors. *Title insurance premiums vary depending on the size of the sales price. **Not applicable for condo sales. ***If applicable, usually condos only.
18
Made with FlippingBook Online newsletter