Settlement Costs
Listed below are the most common charges a buyer incurs when purchasing property. Keep in mind that costs will vary from property to property and not all are applicable in every transaction. However, I do recommend that you use the list to track those items that do apply, so you can estimate the costs you’ll face at settlement. If you’re not sure about which apply, just ask.
- Transfer Tax at up to 1.5% of sale price
- Mortgage Application Fee
- Mortgage Origination Fee
- Mortgage Discount Points
- Mortgage Doc Prep Fee
- Home Inspection
- State and County Property Tax prorated daily
- Water and Sewer prorated daily
- Condo Fee prorated daily
- Fuel/Oil Tank reimbursement
- Home Warranty
- Tax Certification Fee (real estate & sewer)
- Use & Occupancy Certification
- Condo Resale Package
- Attorney’s Fee
- Escrow Set-Up Fee
- Survey and Appraisal
- Federal Express and/or Wire Transfer Fe
- Title Insurance
- Home Owner’s Insurance
- Other: ___________