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Sellers Cost Summary

Upon Closing of the sale of real property, there will be certain closing costs for the sellers. The typical costs which may be incurred are listed below. Please keep in maid that these expenses are not all inclusive. The expenses shown below are listed as they would be traditionally for either the Buyer or the Seller but they can be the responsibility of either or both.

Expense of Sellers:

  • Owners title insurance policy
  • Preparation of deed
  • State documentary stamps on deed
  • (.70 on each $100)
  • Real Estate Marketing Fee
  • Prorating of real property taxes
  • Prorating of maintenance fees
  • Existing mortgage balance
  • Termite damage treatment
  • Structural home 1 systems repairs
  • Compliance Fee $____________

Additional  Expenses  Of  Buyer  If  A  Mortgage  Is  Obtained:

  • Mortgage title insurance policy 
  • Assumption fee on existing
  • Service fee or origination fee on new mortgage  
  • Intangible tax .002 on new mortgage
  • Documentary stamps on note 
  • Recording mortgage
  • (.35 per $100 on mortgage) 
  • Credit report
  • Lender’s attorney fees 
  • Escrow account (taxes and insurance)
  • Appraisal fee

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