What Do Buyers and Sellers Pay in Closing Costs?


Buyers have a higher number of costs

Typically, buyers getting a loan will see some of the following costs:

Appraisal fee
Origination fee
Prepaid interest
Prepaid insurance
Flood certification fee
Tax servicing fee
Credit report fee
Bank processing fee
Recording fee
Notary fee
Title insurance

Negotiate sharing some of the costs
*Come up with an extra one to two percent toward closing costs
*Ask the seller to pick up some of the closing costs as a part of the negotiation.

Sellers pay the commission
*The commission is based on a percentage of the total sale price

For more details click HERE.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s