Closing Cost Guide
Seller can generally expect to pay for:
v Owner’s title insurance premiums
v Real estate commission
v ½ of the escrow fee
v Any loan fees required by buyer’s lender (according to contract)
v Payoff of all loans
v Interest accrued to lender being paid off, statement fees, reconveyance fees and any prepayment penalties
v Termite work (according to contract)
v Home warranty (according to contract)
v Any judgments, tax liens, etc. against the seller
v Recording charges to clear all documents of record against seller
v Tax proration (for any taxes unpaid at the time of transfer of title)
v Any unpaid homeowner’s association dues
v Any bonds or assessments (according to contract)
v Any and all delinquent taxes
Buyer can generally expect to pay for:
v Lender’s title policy premiums
v ½ of the escrow fee
v Document preparation (if applicable)
v Notary fees (if applicable)
v Homeowners’ association transfer fee
v All new loan charges (except those required by lender for seller to pay)
v Interest on new loan from date of funding to 30 days prior to first payment
date
v Home warranty (according to contract)
v Fire insurance premium for first year
v All pre-paids
v Termite inspection if placed in escrow by the buyer, cost is negotiable.
About Leslie Ann Sherman
Executive
ABR, CSP, SFR
Leslie Ann Sherman
Realty Executives Sherman Group
702-880-7480 LeslieSherman@RealtyExecutives.com
Welcome to my website! As a local area expert, my objective is to work diligently to assist you to buy or sell real estate, keeping only YOUR BEST INTEREST in mind.
Las Vegas is more than just the Gaming Capital of the world, it's a fabulous place to live with beautiful neighborhoods, great schools, gorgeous parks, golf courses, and friendly people.
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Your Real Estate Expert,
Leslie Ann Sherman
I have experience in the following Las Vegas areas: Summerlin, Red Rock Country Club, Mountain's Edge, Silverado Ranch, Green Valley, Seven Hills, Southern Highlands, Spring Valley, Rhodes Ranch, and North Las Vegas.