SAMPLE CLOSING COSTS
This list includes many typical closing costs and is intended to be viewed
as sample information only. Some states and counties implement and divide
costs differently among buyers and sellers. Most of the typical closing
costs are listed below, however, other costs not listed here may apply to
your particular situation.
Sample Closing Costs
In addition to the following charges, there are several miscellaneous
charges you may find on your closing statement. You need to inspect these
charges carefully and make sure the services were provided before you pay
The seller will have to pay commission fees to the real estate agents
representing both the buyer and seller.
- PROPERTY TAXES
The seller is responsible for the payment of property taxes until the
last day of ownership.
- HOMEOWNER'S INSURANCE
The buyer is responsible for purchasing a homeowner's policy prior to
the close of escrow.
- ASSESSMENT AND LIENS
Any assessments or liens on the property need to be paid and/or resolved
before the close of escrow. Examples include tax liens or judgments, etc.
This is the seller's responsibility.
- TITLE INSURANCE
The financial responsibility for title insurance varies from county to
county. In some areas the buyer is responsible and some areas the seller
is responsible. Also, the buyer and seller may agree to a 50/50 split.
Check with your real estate professional.
- ESCROW SERVICES
Like title insurance, the financial responsibility for escrow services
varies from area to area. Check with your real estate professional.
Responsibility for the following fees may be negotiable when you open
escrow. Once again, these costs may or may not apply to your specific
situation. Be sure to consult your real estate professional for
- PROPERTY INSPECTION FEES
- TERMITE INSPECTION
- TERMITE REMOVAL COSTS
- DOCUMENT PREPARATION FEES
- DEED RECORDING CHARGES
- LOAN ASSUMPTION FEES
- HOME WARRANTY
- UTILITY ADJUSTMENTS