Closing Cost Scoop from a Real Estate Attorney Greenville SC

real estate attorney Greenville SCMany potential homeowners are surprised after understanding they must cover a total sum of about $10,000 or more when they arrive at the real estate attorney Greenville SC office for closing on their new home or real estate purchase.

So that you can have the ability to settle on a price that is expected at closing , sellers along with the homebuyers should know what expenses to expect at the attorneys office.

Don’t just take your closing cost for granted. Almost everything involved as a closing cost can be negotiated.  And just as with the purchase price of your home, you need to shop around and make sure that you are aware of what to expect and negotiate for the lowest possible added on cost to your purchase.  Below is a list of most of the additional cost that you should look out for:

  • Appraisal
  • Credit Report
  • Closing Fee or Escrow Fee
  • Title Company Title Search or Exam Fee
  • Survey Fee
  • Flood Determination or Life of Loan Coverage
  • Courier Fee
  • Lender’s Policy Title Insurance
  • Owner’s Policy Title Insurance
  • Natural Hazards Disclosure Report
  • Homeowners’ Insurance
  • Buyer’s Attorney Fee
  • Lender’s Attorney Fee
  • Escrow Deposit for Property Taxes & Mortgage Insurance
  • Transfer Taxes
  • Recording Fees
  • Processing Fee
  • Underwriting Fee
  • Loan Discount Points
  • Pre-Paid Interest
  • Property Tax
  • Wood Destroying Pest Inspection and Allocation of Costs
  • Home Owners Association Tranfer Fees

Knowing what to expect at closing and what your cost will be is important before you head down the road to purchasing property and get over-stretched at the  closing table.   Our advice is to get a preliminary breakdown of these cost before you make a final offer on a property to make sure that you can afford the purchase.  And, negotiate those costs!

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