All real estate transactions are unique and closing costs can vary dramatically based upon what the parties have agreed to. The following is an outline of a typical sales transaction and what closing costs you might expect to see. This is not a guarantee of what closing costs you may be charged at close of escrow and is to be used as a guide only:
The BUYER can generally be expected to pay for:
- Title Insurance premiums(ALTA Loan Policy)
- Escrow Fee(50%)
- Document Preparation(if applicable)
- Notary Fees
- Messenger/overnight/courier fees(if used)
- Tax proration on (for date of acquisition)
- Homeowner Association Fees (according to contract)
- All new loan Charges (except those required by Lender for Seller to pay)
- Assumption/ Change of Record Fees for takeover of existing loan (according to contract)
- Inspection Fees (roofing, property inspection, geological, etc.)
- Fire insurance premium
- Buyer’s portion of Sub-Escrow Fee
- Escrow Loan Tie-in Fee
For more resources go to www.oakwoodescrowresources.com
For more on Oakwood Escrow go to www.oakwoodescrow.com
