Buying Process    Moving Checklist    Mortgage Calculator    Mortgage Library    Typical Buyer Cost           Stacie Turner Mobile 202.494.8220 Office 202.234.3344 Typical Buyer Cost WHO PAYS FOR WHAT? In many cases, the buyer splits fees with the seller. The allocation of fees will be outlined in the purchase agreement. TYPICAL BUYER FEES BROKER FEES • None – Seller typically pays buyer agent commissions unless agreed otherwise LENDER FEES • All new loan charges   • Interest on new loan from the date of funding to 30 days prior to the first   payment date   • Homeowners insurance premium for the first year (flood insurance, if required) • Lenders title policy premium TITLE COMPANY FEES • Settlement Fee •Title insurance policy (owner policy is optional but a good idea)       Have your agent ask the Seller to forward a copy of their Title policy to the title company so you can get the “Re-Issue rate” vs. new policy rate which can save you hundreds of $$$$$$   • Recording charges for all documents in buyer’s name • Power of Attorney/Notary Fees (if required) • Courier or special delivery fees for sending documents OTHER • Home inspection fees • Termite Inspection (according to the contract) • City Recordation Tax • Tax pro-ration (from date of purchase) • Condo or HOA dues • Home Warranty (optional)

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