Page 19 - The Vanderblue Team's Sellers Guide 2024

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
5-6% (negotiable)
Realtor’s Fee
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 ’S GUIDE
State Compliance Fee $195

Costs on Various Inspections:
R
General Building Inspection $800 +/- based on square footage
Water Test LLE
$135 +/-
Lead Test $300+/-
Radon SE
$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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