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The following information shows whether the buyer or seller pays these items at closing. There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller below or can be spelled out in the sales contract.
As I negotiate the sales contract for you, I will not only work to get the sales price you want, I will also work to limit the number of closing costs for which you will be responsible.
I will walk you through the closing costs, answering any questions you may have and explain which costs are payable by law to be the sellers or the buyers.
A day or so prior to the closing you will receive a settlement sheet called a H.U.D. that will show exactly what you are required to pay at closing. ALWAYS bring your license or a form of ID to closing
FAR/BAR CONTRACT CLOSING COSTS
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BUYER |
SELLER |
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ST.DOC.STMPS ON DEED--> |
S |
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Standard K |
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COMMISSION |
S |
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TITLE INS. OWNER'S POLICY------> |
S |
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Paragraph V |
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TITLE INS. LENDER'S POLICY----> |
B |
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Paragraph IV(b) |
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ST.DOC STMPS ON NOTE--> |
B |
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Standard K |
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INTANG TAX ON MORT.---> |
B |
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Standard K |
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RECORDING FEES SELLER-> |
S |
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Standard K |
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RECORDING FEES BUYER--> |
B |
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Standard K |
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SURVEY----------------> |
B |
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Standard C |
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FLOOD ZONE CERT.------> |
B |
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Paragraph IV(b) |
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TERMITE INSPECTION----> |
B |
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Standard D |
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CLOSING AGENT FEE-----> |
BS |
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Standard K |
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TAX SERVICE-LENDER----> |
B |
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Paragraph IV(b) |
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UNDERWRITING FEE------> |
B |
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Paragraph IV(b) |
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CREDIT REPORT---------> |
B |
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Paragraph IV(b) |
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APPRAISAL-------------> |
B |
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Paragraph IV(b) |
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ORIGIN.FEE-> |
0.000 |
B |
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Paragraph IV(b) |
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DISC.PTS.--> |
0.000 |
B |
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Paragraph IV(b) |
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BROKERAGE--> |
0.000 |
S |
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Buyer Broker Agreement |
Listing Agreement |
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WATER SAMPLE----------> |
B |
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Standard N |
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SEPTIC SYS INSP-------> |
B |
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Standard N |
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EXPRESS MAIL FEES-----> |
S |
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Standard K |
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HOME WARRANTY PLAN----> |
S |
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Paragraph XIII |
Paragraph XIII |
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HOME INSPECTION |
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B |
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Standard N |
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ADMINISTRATIVE FEE TO BROKER |
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BS |
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Addenda/Rider |
Addenda/Rider |
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OTHER-----> |
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Addenda/Rider |
Addenda/Rider |
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TOTAL ESTIMATED CLOSING COSTS------------------> |
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