Common costs buyers cover in transactions

These costs will vary depending on the micro-economy you are buying in. So your agent, escrow officer, and loan officer will give you accurate figures.

1. All loan Fees

2. Lender's policy of title insurance
3. Sub-escrow fee (title charge)

4. Recording fees for all documents in buyers name

5. One-Half Escrow Fee
6. Loan Tie in fee

7. Electronic Doc Fee - Loan Docs
8. Prepaid interest on new loan

9. Personal Property insurance in Condo

10. Notary loan signing fees
11. home warranty according to contract
12. HOA dues for first payment period
13. Prorations if applicable

14. Property physical Inspection fees
15. Wire Fees for loan proceeds
16. Endorsement fees for lender's title policy

10 Questions to ask an agent during an interview:

1. How long have you worked in real estate, and how long have you been licensed?

2. Are you a REALTOR®? What professional designations do you have and what skills do they certify?

3. Do you work alone, or do you have an assistant or support staff to handle different parts of the transaction?
4. How often will we be in touch during the searching and buying process? Can I look at homes without you? How much of your time can you dedicate to assisting me?

5. What makes you stand out among your peers? Are there past clients who will serve as references for you?

6. If I am not satisfied with your performance, can I terminate our agreement?

7. Will you act as a buyer-broker or do you represent the seller?

8. How will you get paid? May I have that in writing?

9. How many homes have you found for buyers in the past six months? Have you been involved in difficult negotiations, and how did you handle them?

10. How many other buyers or sellers are you currently working with? Are you a full-time agent?

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