One of the areas where homebuyers most frequently run into problems is with closing costs. Buyers often do not accurately anticipate the costs associated with closing a real estate transaction, and the resulting cash crunch can add stress at a time when you need it least.

Certain fees are automatically assigned to either the buyer or the seller; other costs are either negotiable, dictated by local custom or prorated between the buyer and the seller.

Below you will find a brief explanation of these costs, yet it may not include all items required specific to your property, or the area in which you have purchased. This is a guideline only. Your lawyer can provide a more accurate estimate and is the best resource.

Buyer’s Fees

Costs can range from 1.5 to 5% of total purchase price, excluding down payment. All costs are estimates only. For example, a purchase price of $250,000 would yield:

Seller’s Fees

Costs can range from 1.5 to 5% of total sale price. All costs are estimates only. For example, a sale price of $250,000 would yield:

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