Seller Cost Estimate
When purchasing a property, the seller pays:
| State documentary tax | Sales price x .007 (ex: $100,000 x .07 = $700) |
| Owner title policy | Sales price x .575 (ex: $100,000 x .575 = $575) |
| Title search | $195 |
| Settlement fee | $250 |
| Taxes | Paid in arrears – current year prorated at closing |
| Realtor fees | % of sales price |
| Mortgages owed | Request a payoff figure – NOT the balance of your loan |
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