Monday, March 10, 2014

Buyers closing costs

Closing costs for Buyers can be hard to estimate because so many factors are involved. Generally speaking, a Buyer can expect to pay around 3-4% of the sale price for closing costs. Every transaction is different so this is only a general estimate. Following  are some of the more common fees and expenses that Buyers will have to pay:

-Appraisal Fee
-Application Fee (for Lender)
-Other lender related fees (such as lender direct fees or commitment fees)
-Prepaid mortgage interest
-Prepaid county property taxes
-Settlement/closing fee (to Title Company)
-Title insurance and endorsement fees
-Handling, messenger, FedEx fees
-Recording fees
-Transfer tax

If you are buying real estate, contact Bradford Miller Law for a  free initial consultation with an experienced Chicago real estate lawyer. We charge reasonable fees for all services and have been helping people with real estate transactions for several years.

Posted by Bradford Miller Law, P.C.

134 N. LaSalle Street, Suite 1040
Chicago, IL 60602
312-238-9298

http://www.bradfordmillerlaw.com

Offering free legal representation to homeowners seeking a short sale

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