Closing Costs - Maggie Langon-Antiposti

Closing Costs

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


			BUYER	SELLER

ST.DOC.STMPS ON DEED-->		S		Standard K
COMMISSION		S
TITLE INS. OWNER'S POLICY------>		S		Paragraph V
TITLE INS. LENDER'S POLICY---->		B	Paragraph IV(b)
ST.DOC STMPS ON NOTE-->		B	Standard K
INTANG TAX ON MORT.--->		B	Standard K
RECORDING FEES SELLER->		S		Standard K
RECORDING FEES BUYER-->		B	Standard K
SURVEY---------------->		B	Standard C
FLOOD ZONE CERT.------>		B	Paragraph IV(b)
TERMITE INSPECTION---->		B	Standard D
CLOSING AGENT FEE----->		BS		Standard K
TAX SERVICE-LENDER---->		B	Paragraph IV(b)
UNDERWRITING FEE------>		B	Paragraph IV(b)
CREDIT REPORT--------->		B	Paragraph IV(b)
APPRAISAL------------->		B	Paragraph IV(b)
ORIGIN.FEE->	0.000	B	Paragraph IV(b)
DISC.PTS.-->	0.000	B	Paragraph IV(b)
BROKERAGE-->	0.000	S	Buyer Broker Agreement	Listing Agreement
WATER SAMPLE---------->		B	Standard N
SEPTIC SYS INSP------->		B	Standard N
EXPRESS MAIL FEES----->		S		Standard K
HOME WARRANTY PLAN---->		S	Paragraph XIII	Paragraph XIII
HOME INSPECTION		B	Standard N
ADMINISTRATIVE FEE TO BROKER		BS	Addenda/Rider	Addenda/Rider
OTHER----->