Real Estate Closing Costs Checklist: Every Fee Before You Buy or Sell

[Homeowners Corner]

Check out our comprehensive closing cost checklist that covers every potential closing cost and fee for a home seller or home buyers, ensuring you're fully prepared for a smooth closing process.

Real Estate Closing Costs Checklist

Real Estate Closing Costs Checklist

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Real Estate Closing Costs Checklist

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1. Real Estate Agent Fees:

• Listing Agent Commission

• Buyer's Agent Commission

• Transaction Coordination Fee

• Administrative Fees

2. Lender Fees:

• Origination Fee

• Discount Points (if applicable)

• Underwriting Fee

• Processing Fee

• Appraisal Fee

• Credit Report Fee

• Flood Certification Fee

• Tax Service Fee

• Mortgage Insurance Premium (if applicable)

3. Title and Escrow Fees:

• Title Search Fee

• Title Insurance (Owner's Policy)

• Title Insurance (Lender's Policy)

• Settlement/Closing Fee

• Wire Transfer Fee

• Notary Fee

• Document Preparation Fee

• Courier Fees

• Escrow Account Setup Fee

4. Attorney Fees:

• Legal Consultation Fee

• Document Preparation and Review Fee

• Escrow Services Fee (if applicable)

• Recording Fees (for deeds and mortgage documents)

5. Inspection and Survey Fees:

• Home Inspection Fee

• Termite Inspection Fee

• Radon Inspection Fee

• Structural Inspection Fee

• Environmental Site Assessment Fee

• Boundary Survey Fee

• Zoning Compliance Inspection Fee

6. Government Fees and Taxes:

• Transfer Taxes

• Recording Fees (for deed and mortgage)

• Property Tax Prorations

• State and Local Transfer Fees

• Mortgage Recording Tax (in some states)

• Property Assessment Fees

7. Miscellaneous Costs:

• Home Warranty Fee

• Pest Control Treatment Fee

• Homeowners Insurance Premium (prepaid)

• HOA Transfer Fees

• Special Assessments (if applicable)

• Moving Expenses

• Repairs and Maintenance Costs

8. Additional Costs for Sellers:

• Seller Concessions (if agreed upon)

• Payoff of Existing Loans or Liens

• Prepayment Penalty (if applicable)

• Title Clearance Fees (to resolve any title issues)

• Unpaid Property Taxes or Utility Bills

• Capital Gains Tax (for investment properties)

9. Additional Costs for Buyers:

• Earnest Money Deposit

• Down Payment

• Homeowner Association (HOA) Fees

• Property Taxes (prorated)

• Homeowners Insurance Premium (prepaid)

• Mortgage Insurance Premium (if applicable)

10. Commercial and Investment Property Costs:

• Environmental Impact Study Fee

• Business License Transfer Fee

• Lease Assignment Fee

• Asset Purchase Agreement Fee

• Due Diligence Costs

• Business Valuation Fee

11. Multi-Family Property Costs:

• Rental Income Verification Fee

• Tenant Lease Transfer Fee

• Rent Roll Preparation Fee

• Common Area Maintenance (CAM) Fee

• Property Management Setup Fee