What Buyers Should Expect to Pay

Whether it’s your first time buying a home, or you need a refresher on the typical items that a buyer will have to pay – here is a quick guide on what buyers should expect to pay in a real estate transaction.

– Escrow fees
– Document preparation (if applicable)
– Notary fees
– Recording charges for all documents in buyer’s name
– Termite inspection (according to contract)
– Tax proration (from date of acquisition)
– Homeowner’s transfer fee
– All new loan charges (except those required by lender for seller to pay)
– Interest on new loan from date of funding to 30 days prior to first payment date
– Assumption/Change of Records fees for takeover of existing loan
– Beneficiary Statement fee for assumption of existing loan
– Inspection fees (roofing, property inspection, geological, etc.)
– Home Warranty (according to contract)
– Lender’s policy
– Fire insurance premium for the first year

Please be sure to read my other helpful and informative blogs by clicking here. For more information, contact me – Kristi Muñoz – by calling (909) 841-7645 or send an email to kmunoz@ltic.com.