Administrative fees | Appraisal fee |
Attorney fees | Bridge financing costs |
Brokerage fees | Condo or co-op fees |
Courier fees | Credit report fee |
Document related fees | Down Payment |
Escrow fee | Goods and services tax or harmonized sales tax |
Government recording and transfer charges | Home inspection fee |
Home warranty fees | Homeowners association fees |
Homeowners insurance | Land transfer taxes |
Loan origination fee | Loan related fees |
Mortgage insurance | Notary fees |
Other taxes and fees | Property survey fee |
Property taxes | Real estate agent commissions |
Settlement or closing fee | Title insurance |
Title search fee | Transfer taxes |
| Overview: Closing Costs | ||
Type | ||
Definition | Fees and taxes that are paid at the close of a real estate transaction. | |
Examples | Many areas impose land transfer taxes.In some cases, value added taxes apply to the price of a new home.Purchasers may require bridge financing if they buy a new home before they sell their old home.Land surveys, appraisal fees or an estoppel certificate that verifies the financial health of the legal entities associated with a condominium.Insurance, down payment, first payment and banking fees may be required to initiate a mortgage. Legal fees and administration fees related to completing the sale agreement and registering the property in your name. | |
Related Concepts | ||
