Costs of Selling Your Property

CLOSING COSTS / TITLE INSURANCE

Costs are usually to be paid as described below among the parties. However, they can be negotiated otherwise. Buyer costs should total in average no more than 3% of purchase price and Seller costs should total in average no more than 2% of purchase price. These costs might be subject to change.

COSTS TO BE PAID BY SELLER:

- Documentary stamp taxes and surtax on deed, if any

- HOA/Condominium Association estoppel fees

- Owner’s Policy and Charges

- Recording and other fees needed to cure title

- Title search charges

- Seller’s attorneys’ fees

COSTS TO BE PAID BY BUYER:

- Taxes and recording fees on notes and mortgages

- Loan expenses

- Recording fees for deed and financing statements

- Appraisal fees

- Owner’s Policy and Charges

- Buyer’s Inspections

- Survey (and elevation certification, if required)

- Buyer’s attorneys’ fees

- Lender’s title policy and endorsements

- All property related insurance

- HOA/Condominium Association application/transfer fees

- Owner’s Policy Premium

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Costs of Selling Your Property

CLOSING COSTS / TITLE INSURANCE

Costs are usually to be paid as described below among the parties. However, they can be negotiated otherwise. Buyer costs should total in average no more than 3% of purchase price and Seller costs should total in average no more than 2% of purchase price. These costs might be subject to change.

COSTS TO BE PAID BY SELLER:

- Documentary stamp taxes and surtax on deed, if any

- HOA/Condominium Association estoppel fees

- Owner’s Policy and Charges

- Recording and other fees needed to cure title

- Title search charges

- Seller’s attorneys’ fees

COSTS TO BE PAID BY BUYER:

- Taxes and recording fees on notes and mortgages

- Loan expenses

- Recording fees for deed and financing statements

- Appraisal fees

- Owner’s Policy and Charges

- Buyer’s Inspections

- Survey (and elevation certification, if required)

- Buyer’s attorneys’ fees

- Lender’s title policy and endorsements

- All property related insurance

- HOA/Condominium Association application/transfer fees

- Owner’s Policy Premium

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