Guide to Closing Costs

If you are buying or selling, you may be wondering what costs and fees are involved.

Below are typical categories of closing costs that are paid by each party in our county. However, sometimes these are paid by the other party (as defined by the contract):

BUYER RESPONSIBILITY
SELLER RESPONSIBILITY
Real estate commission
Real estate commission
Any escrow pre-paid items (pre-paying homeowner insurance and having six months of property taxes ready to pay)
Any outstanding liens and judgements
Mortgage interest from loan date to first payment
Septic inspection and pump
Appraisal fee
Unpaid assessments
Inspection fee
Unpaid homeowner association dues
Homeowners Insurance
Unpaid utilities
Document preparation fees per the lender
Unpaid property taxes
Half of escrow
Title Insurance Premium
Half escrow