Ginthner & Associates - Windermere Real Estate
Specializing in Results
Windermere Capitol Hill 1112 19th Ave E Seattle WA 98112 206-324-8900 | Email: contact@ginthner.com
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Who pays for what?
During the negotiation stage of the transaction, a mutually agreed-upon date for closing is determined. "Closing" is when you and the seller sign all the paperwork and pay your share of the settlement fees, and the documents are recorded.
Settlement obligations vary widely due to specific contract language, local laws and customs. Prior to closing, the closing agent (usually an escrow or title company or attorney) will complete a detailed settlement statement for both buyer and seller. As your agent, I can help you understand which of the following typical settlement fees apply to you.
Settlement obligations vary widely due to specific contract language, local laws and customs. Prior to closing, the closing agent (usually an escrow or title company or attorney) will complete a detailed settlement statement for both buyer and seller. As your agent, I can help you understand which of the following typical settlement fees apply to you.
-
THE BUYER PAYS:
- One-half of escrow fees paid to the escrow company for preparing the closing
- Document preparation fees
- Recording and notary fees
- Title search and title insurance (paid by either the seller or the buyer)
- Local transfer taxes, if any
- Repairs or inspections the buyer has agreed to pay for
- Loan fees
- Appraisal fees
- Credit report fees
