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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. | |
|  | | | Register for 27 page Closing Cost Booklet. | |
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Animal House >House Odors
What is "H.O."? You can probably guess--it means "home odors".
Be careful of odors in your home. If your family room smells stuffy and stale, or if your cat or dog has left a distinctive odor in the hallway, take action by eliminating the source of the odor rather than merely treating the effects. Smells have a powerful effect on the way people react to a house, and no amount of room freshener or vanilla on the light bulbs can mask a serious odor problem. In fact, such remedies may draw attention to the problem. We have seen homes with an odor problem languish unsold on the market for months or sell for significantly less than comparable homes in the neighborhood.
If you think that you may have a problem, talk candidly with your real estate agent. Your agent should be able to offer some constructive suggestions, and perhaps refer you to a professional who can help banish H.O. from your home!
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Nearly every state has a mandate for seller disclosure. What must a seller disclose?
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| A |
The seller must disclose any existing problems, defects or conditions that could affect the value of the house.
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NUMBER1EXPERT®
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All rights reserved. All information deemed reliable but not guaranteed.
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