Checklist of Buyer's Closing Costs

Following is a check list of potential buyer’s closing costs that you should be aware of and budget for:

Nonrecurring Costs:
__ Title insurance (where payable by buyer)

__ Escrow fee (where applicable)

__ Legal fee (where applicable)

__ Abstract of Title

__ Survey fee (where applicable)

__ Loan fee

__ Appraisal fee

__ Tax service

__ Credit report

__ Notary fee

__ Recording fee

__ Pest Control Inspection

__ Home Inspection
__ Document preparation fee

__ Review fee (where applicable)

__ Application fee (where applicable)

__ Underwriting fee

__ Courier fee

__ Verification fee (where applicable)

Recurring Costs:

__ Hazard insurance

__ Trust fund or impound account

__ Prorated taxes (if paid beyond recordation)

__ Prorated interest (if charged in arrears, to end of month; if charged in advance, to date of first payment).

Credits, if any:

__ Prorated taxes

__ Prorated rents, if any

__ Security deposits on hand, if any

For information and assistance on costs related to the purchase of real estate, please log onto my real estate website at www.easternsierraproperties.com.

Feel free to share your thoughts by leaving a comment or call me at the office: 760-934-5088.