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There are various costs and fees involved in purchasing a home. The following list depicts an example of the costs you may be responsible for. Keep in mind that responsibility for some of these charges can be negotiable and the responsible party may vary from area to area. 1) Title insurance premium (according to contract)
2) Escrow fees (according to contract)
3) Document preparation (if applicable)
4) Notary fees
5) Recording charges for all documents in buyer's names
6) Termite inspection (according to contract)
7) Tax proration (from date of acquisition)
8) Homeowner's transfer fee
9) All new loan charges (except those required by lender for seller to pay)
10) Interest on new loan from date of funding to 30 days prior to first payment date
11) Inspection fees (roofing, property inspection, geological, etc.)
12) Home warranty (according to contract)
13) Fire insurance premium for first year See below for a chart of the closing costs paid by the buyer |  | | | Register below for Closing Cost Chart. | |
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About Appraisals >Working With A Real Estate Agent
It is not unusual for homeowners to yield to the temptation to try to sell their own home. It seems easy enough--just place an ad in the weekend paper and wait for buyers to show up. Although it may seem simple, real estate sales transactions are extremely complex proceedings.
The first pitfall can come with pricing your property realistically. Homeowners often price their property too high initially, then drastically slash the price when weeks go buy without an offer. Even if a prospective buyer agrees to the initial asking price, there could be complications if the buyers begin to feel that they have agreed to pay too much, or if the lender's appraisal values the property at far less than the agreed-upon price. Some clients hire agents to market their home professionally after weeks or months of trying to sell their own home without success, or after their FSBO transaction fell through.
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What took over 30,000 workmen to construct and is considered the second largest palace in the world?
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| A |
The Palace of Versailles, 14 miles southwest of Paris and completed in 1682, is famous for its size and its beauty.
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NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
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