What Are The Typical Expenses For Buying And Selling A Home?
Homebuyers are responsible for their attorneys’ fees at closing, along with any fees associated with their mortgage loan, also known as an origination fee. In addition to the price of the home, a homebuyer’s fees include:
- Property appraisal
- Property survey
- Recording costs
- Title insurance
These fees can be substantial and vary depending on the cost of your home. It is important to review the settlement sheet ahead of time. This way you will know exactly what your homebuying expenses amount to, so you can be prepared to pay them.
We help buyers with:
- Preparing the offer to purchase
- Negotiating the sale price and conditions of the sale
- Drafting, reviewing and revising the purchase and sale agreement
At Robinson & Robinson, LLC, our real estate attorneys provide comprehensive representation for each step of your home purchase.
Closing Fees For The Seller Can Be Substantial
In New Jersey, the seller typically is responsible for both the buyer’s and seller’s Realtors’ commissions. Additionally, the seller must provide both an affidavit of title and a deed.
The fees at closing for the seller of property can be substantial, generally about 5 to 6 percent of the purchase price.
The seller should have an attorney at closing to make sure the fees are error-free on the settlement sheet. Our lawyers have experience reviewing the nuances of closing documents and can help you with:
- Obtaining marketable title
- Working with the title company
- Clearing encumbrances and liens
- Drafting and reviewing closing documents
It is essential that your closing documents are accurate. We can help you with the details.
Efficient Help For Buying Or Selling Your Home
Robinson & Robinson, LLC, provides legal representation that is efficiently tailored to fit your real estate needs, whether you are buying or selling your home. We structure our services based on your individual goals.