To close a transaction, the Purchaser will incur several costs that deal with financing and legalities. Some examples are as follows:Remember: These are average costs only and may not apply in all cases. We suggest allotting $4,000.00-$7,000.00 for closing costs on an average $ home . For more details contact us.
- Lawyer's fee
- Disbursements - searches & documents
- Land Transfer tax
- Survey or Title Insurance - required by mortgage company
- Tax Adjustments
- Miscellaneous adjustments - fuel oil, local improvements, etc.
- Property Tax Bank - advance payment for next tax installment
- Fire/Home Insurance
