Legal Option Title Agency, Inc.

Legal Option Title Agency, Inc.
300 Maple Avenue, Suite 104
South Plainfield, NJ 07080
ph: 908 769-9627
fax: 908 753-7039
alt: 732-690-1308
email@legaloptioninc.com

Seller's Closing Cost

The following estimated closing costs are:

Legal Fees or Settlement Fees

It depends with your Attorney or Settlement Fees from Title company.

Real Estate Commission

It depends with the terms of your listings with the Real Estate Broker, if any.

Open Mortgage and/or Liens against the property, plus Recordation Fees

Any Open Mortgage and/or Liens against the property, if any.

Realty Transfer Tax

Based in the New Jersey Tax Rate table for the Sale price of the house.

Real Estate Tax, Water, Sewer, and Condominium Association charges

Any Adjustments and pro-rated at the time of Closing.

Home Inspection Damages and Repairs

Any damages and repairs charges and agreed upon by both parties, if any.

Responsibility for the following fees may be negotiable when you open escrow. Once again, these costs may or may not apply to your specific situation. Be sure to consult your real estate professional for details.

Termite Removal Costs
Document Preparation Fees
Deed Recording Charges
Loan Assumption Fees
Home Warranty
Utility Adjustments
Property Inspection Fees
Termite Inspection

LEGAL FEE - Generally $500-650, depending on the attorney and the transaction	$________
REAL ESTATE COMMISSION - Depends on the terms of the listing agreement	$________
REALTY TRANSFER TAX - Rate Fixed to sale price of house. Consult your attorney for possible exemptions NJ: About $3.50/11,000 CT: $1.10/$l,000 to town, and 1/2 of 1% of sale price to state NY: $4.00/$l,000	$________
MORTGAGE CANCELLATION FEE - Usually required if mortgage is prepaid before original term is reached. May be charged by lender and/or local government.	$________
OTHER LIENS - Must be removed from property before sale. Includes local government filing fees.	$________
TAX ADJUSTMENT - Usually a credit (sometimes a charge) to seller, to adjust for taxes paid short of-or beyond-the closing date.	$________
WATER/SEWER ADJUSTMENTS - Same as other tax adjustments.	$________
VA LOANS - Seller is responsible for points, repairs, certifications as included in sale contract; and for fees required by lender.	$________
INSECT DAMAGE REPAIRS - As may be required following inspection.	$________
ENGINEERING REPAIRS - As may be required following inspection.	$________
ESTIMATED TOTAL	$________

These figures are just estimates. It is suggested that you consult your attorney for any closer estimates of the costs for your particular situation. A short time before closing, your attorney should be able to provide you with much more precise figures for your closing costs.

onsider using this space to introduce your page. Just click to add your own content.

You can use this page for anything you like, but we recommend focusing on one or two related topics to avoid confusing your readers. Remember that you can always add more pages if you need them.

Web Hosting by Yahoo!

Legal Option Title Agency, Inc.
300 Maple Avenue, Suite 104
South Plainfield, NJ 07080
ph: 908 769-9627
fax: 908 753-7039
alt: 732-690-1308
email@legaloptioninc.com