Real Estate Closing Costs

Before you start looking for a home, you should be aware of the real estate closing costs involved and be able to have most of these funds available before you even start the search.  Besides the minimum 5% down payment, which the mortgage company requires, you will need to have the following amounts on hand.

Lawyer's Fees and Expenses                             $850 to $900

Land Transfer                                                 $3/1000 - On a $100,000 purchase - the cost would be $300

Mortgage Registration                                     $150

Miscellaneous                                                 $79

Home Inspection                                            $275 to $350 not mandatory, but an exellent idea

Bank Appraisal Fee                                         $250 - but the bank may waive it

Title Insurance                                              $250

Service and Utility Connection                         Depends on the company

This summary of closing costs for real estate are meant to provide you with a guideline.  For a closer examination of costs it is best to contact me or a real estate lawyer.

 

 

Jo-Anne Larre

Jo-Anne Larre

REALTORĀ®
CENTURY 21 Fusion
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