Estimated Closing Costs for Sale of Real Estate

This list includes most costs anticipated in the sale or purchase of real estate. The Contract controls who pays for each charge. The breakdown is standard in the market, but can be changed to suit the parties by delineating each cost and responsible party in the Contract. All costs are not necessary but are often found in these transactions

DOCUMENT OR EXPLANATION

BUYER

SELLER

Lender's fees and deposits

Set by Lender

Seller's closing fee (not applicable in all transactions)

$175

Deed preparation

$150

Attorneys fees - Cash sale under $500,000

- Sale with Lender under $500,000

- Cash sale over $500K

- Sale with Lender over $500K

$375

$475

$575

$675

Title binder for title insurance

$ 95

Owner's and/or lender's title insurance

(based on purchase price)

Home Warranty (if applicable)

*

$400-$700

Home Inspection (if applicable)

$350-400

Title abstract aka title search

$180 * plus copies

Insured closing letter as required by lender

$ 35

Document recording fee (for deed, mortgage, etc.)

(Power of Attorney $15)

$10 for 1st 4 pages; $1 each for remaining

Deed stamps ($3.70 per $1,000 of purchase price)

*

Based on purchase price

Plat recording fee

$20 est.

Termite inspection (if applicable)

*

$ 95-125 est. if home under contract

Realtor commission

Set by listing agreement

Wiring/courier/package fees (est.)

$60 - $75

$60-$75

Preparation of Durable Power of Attorney (to be paid by party requesting)

$250

$250

*responsibility for expense may be different per contract terms. OTHER ITEMS THAT MAY APPEAR ON THE CLOSING STATEMENT:

  1. PRO-RATA SHARE REAL ESTATE TAXES
  2. PRO-RATA SHARE OF HOA DUES
  3. SUBDIVISION FEES (EQUITY BUY-IN, UTILITIES, ETC.)
  4. CL90 Termite inspection