Page 19 - Laurie Quatrella Buyers 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
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
$100-200
Title Search
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 ’S GUIDE
Insurance varies
State Compliance Fee $195

Costs on Various Inspections: R E

General Building Inspection $800 +/- based on square footage Y
$135 +/-
Water Test BU
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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