Depending on what type of financing, the loan amount, and the loan length a buyer seeks for the property they are purchasing, the real estate fees for sellers might vary.
Some of the costs a buyer might accrue are
- the down payment
- homeowner’s insurance
- home inspection
- flood insurance if the property is in a flood zone
- home owner’s association fees when applicable
Some loans, such as an FHA, VA, or USDA actually require a seller to cover all or some of the closing costs and fees. Some buyers will ask the seller to help them pay for some of the closing costs/fees.
Many of the costs/fees are third party vendor fees like
- appraisal fees
- closing fee for the title company
- title search fee
- flood determination fee
- courier fee
- survey fee
- Termite/radon/lead base paint inspection
- Title insurance ( lenders policy)
- title insurance ( owners policy)
- buyer’s attorneys fee (not all states)
- sellers attorney fees (not all states)
- lenders attorney fees (not all states)
The fee amount varies by state, loan amount, and type of loan. You should contact your local title rep, closing attorney, or mortgage provider for a more comprehensive list within your state. Some states might have additional costs/fees a seller or buyer are required to pay before they close a transaction.