Customary BUYER Escrow Costs
Here you will find the traditional distribution of expenses associated with a purchase of real estate. However, many of these items can be negotiated by both parties at the time of offer, excluding some expenses required by lender to be paid specifically by the seller.
Buyer Typically Pays For:
- Buyer Escrow Fees
- Document preparation (if applicable)
- Notary and wiring fees
- Recording charges for all doucments in buyer’s name
- Termite inspection (depends on offer accepted)
- All new loan charges (according to contract)
- Interest on new loan date of funding to 30 days prior to first payment date
- Inspection fees (property inspection, geological, etc.)
- Home Warranty (according to contract)
- Lender’s insurance policy (if buyer has a loan)
- Fire insurance premium for first year