Important Tips for Completing a Residential Contract for Sale and Purchase – Part 9(b): Closing Cost; Title Insurance; Survey; Home Warranty; Special Assessments:

Closing Cost; Title Insurance; Survey; Home Warranty; Special Assessments

Section (b) outlines the costs to be paid by the Buyer at closing. These costs are Taxes and recording fees on notes and mortgages, Recording fees for deed and financing statements, Owner’s Policy and Charges, Survey, Lender’s title policy and endorsements, HOA/Condominium Association application/transfer fees, Loan expenses, Appraisal fees, Buyer’s inspections, Buyer’s attorney’s fees, All property related insurance, and Owner’s policy premium. The section entitled Other allows the Buyer and Seller to include an additional cost to be paid by the Buyer that was not expressly mentioned in the list above.