Page 15 - The Vanderblue Team's Sellers Guide
P. 15
Estimated Closing Costs
Costs on the Sale of a property:
State Conveyance Tax .75% of sale price below $800,000
1.25% of sale price above $800,000
Local Conveyance Tax .25% of sale price
Realtor’s Fee
5-6% (negotiable)
Attorney’s Fee $1,500 +/-
Recording Fee - Release $10 (1 page) - $15 (2 page)
Real Estate Taxes Unpaid Balance
Mortgage Payo Unpaid Balance
State Compliance Tax $195
Costs on the Purchase of a property:
Lender Fees: application, appraisal $200-500
$1.500 +/-
Attorney Fee
Title Search
$100-200
Title Insurance $325 per $100,000
$10 (1 page) - $15 (2 page)
Recording Fee
Tax Escrow (usually 6 months) Determined by the lender
Tax Adjustment Buyer pays pre-paid Real Estate taxes
Interest Adjustment Prorated from closing date to end of month
Utilities (oil, gas, water) varies
Common charges (condo) varies
Association Fees (beach rights) varies
Insurance varies
State Compliance Fee $195
Costs on Various Inspections:
General Building Inspection $800 +/- based on square footage
$135 +/-
Water Test
Lead Test $300+/-
Radon
$145 +/-
Radon Mitigation System $1,300
Septic Dye Test Included in most inspections
Septic Cleaning & Inspection $250-350
Asbestos Check $300-375
Termite $250
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