- Introduction
- Plan Your Program. Start Early
- Should You Sell?
- Steps before the Listing
- Selecting a Real Estate Agent
- Listing Contracts
- Real Estate Commissions
- For Sale by Owner
- Getting an Offer
- Negotiating Items
- Entering Into a Contract
- Hiring an Attorney
- Financing the Deal
- Seller Financing Alternatives
- Before the Closing
- Home Inspection
- Sample Closing Costs for Items Paid by Seller
- The Closing
- Bridge Loans
- Taxes
Closing costs around the country vary widely. Here are some of some of the items typically paid by the seller in conjunction with a home sale:
- real estate commission
- attorney's fees
- filing fees
- realty transfer taxes
- prorated adjustments
Survey
The buyer's lender may require that the property be surveyed (unless an acceptable certified survey already exists). This service is performed to determine and verify the boundaries and measurement of the property, and to certify its accuracy. Payment is the responsibility of the buyer.
Who Pays for What
In connection with the final transfer of ownership of the home from you to the buyer, you'll attend the closing and settle up on all charges. The document which summarizes the transaction is called the HUD RESPA closing statement. Get a blank RESPA form from your attorney to give you an idea of what one looks like. At the closing, your attorney will explain, in detail, the components of the RESPA statement as it applies to you.
SUGGESTION: Keep a list of what you anticipate the costs will be; use it as a guide when reviewing your RESPA form, and inquire about any items that look out of line.
| Securities and Insurance Products: | ||
| Not Insured by FDIC or any Federal Government Agency | May Lose Value | Not a Deposit or Guaranteed by the Bank or any Bank Affiliate |
| Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Infinex and the bank are not affiliated. Community Wealth Advisors is a trade name of the bank. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed by insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value. | ||
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