Closing Costs

The numerous expenses which buyers and sellers normally incur to complete a transaction in the transfer of ownership of real estate. These costs are in addition to price of the property and are items prepaid at the closing day. This is a typical list: BUYER’S EXPENSES Documentary Stamps on Notes Recording Deed and Mortgage Escrow Fees Attorney’s Fee Title Insurance Appraisal and Inspection Survey Charge SELLER’S EXPENSES Cost of Abstract Documentary Stamps on Deed Real Estate Commission Recording Mortgage Survey Charge Escrow Fees Attorney’s Fee The agreement of sale negotiated previously between the buyer and the seller may state in writing who will pay each of the above costs.