LingleLaw

Real Estate Fees

Real Estate Fee Schedule: We can help you with Residential Contract Preparation, Seller Representation, Deed Preparation, standard residential closings with financing, all-cash residential closings, commercial closings, Buyer Settlement Fees, Residential Refinances, Construction Financing, Preparation of Note and Deed of Trust for financing, Preparation of Contract addenda, rent-backs, escrow agreements, powers of attorney, Preparation of Residential leases, Preparation of commercial leases, Preparation of Subordination Agreements, Easements, Options, Modifications, Title Search/Abstract, Construction draw updates, Title Insurance Binder, Recording Fee, Preparation of cover sheets required by some counties, Title Insurance,

Residential Contract Preparation in Richmond VA, Seller Representation, in Richmond VA, Deed Preparation in Richmond VA, standard residential closings with financing in Richmond VA, all-cash residential closings in Richmond VA, commercial closings in Richmond VA, Buyer Settlement Fees in Richmond VA, Residential Refinances in Richmond VA, Construction Financing in Richmond VA, Preparation of Note and Deed of Trust for financing in Richmond VA, Preparation of Contract addenda in Richmond VA, rent-backs in Richmond VA, escrow agreements in Richmond VA, powers of attorney in Richmond VA, Preparation of Residential leases in Richmond VA, Preparation of commercial leases in Richmond VA, Preparation of Subordination Agreements in Richmond VA, Easements, Options in Richmond VA, Modifications in Richmond VA, Title Search/Abstract in Richmond VA, Construction draw updates, Title Insurance Binder in Richmond VA, Recording Fee in Richmond VA, Preparation of cover sheets in Richmond VA, Title Insurance in Richmond VA, Help with Title Insurance in Richmond VA

 

Residential Contract Preparation

$250


Seller Representation

$395


Deed Preparation

$175


$595 for standard residential closings with financing

$495 for all-cash residential closings

$795 for commercial closings

Buyer Settlement Fees: 


Residential Refinances

$495


Construction Financing

$75 per draw, plus title fees


Preparation of Note and Deed of Trust for financing

$250


Preparation of Contract addenda, rent-backs, escrow agreements, powers of attorney

$150


Preparation of Residential leases

$250


Preparation of commercial leases

$250-$500


Preparation of Subordination Agreements, Easements, Options, Modifications

$150-$350


Hourly rate for non-flat fee services

$350


$100-$150 (River City Title or other title insurance company)

Title Search/Abstract (estimate


Construction draw updates

$50 (River City Title) (other companies may be higher)


Title Insurance Binder

$200 (River City Title) (other companies may be higher)


Recording Fee

$55 (River City Title) (other companies may be higher)


Preparation of cover sheets required by some counties (if applicable)

$25 each


Courier/Overnight Carrier packages

$25 each


Title Insurance

(Owner’s and Lender’s Policy)

* I recommend enhanced coverage (Old Republic Homeowner’s Title Policy), which will be ordered for residential purchases unless otherwise specified. Rates are subject to change and are not controlled by my office.

$3.90 per $1,000 of sale price

+ $100 for lender’s policy*

$4.90 per $1,000 of sale price for enhanced policy

+ $100 for lender’s policy

*If you can obtain a recent title insurance policy from the owner/seller of the property, we can usually use that policy to obtain a re-issue title insurance rate, which may save up to 40% on the costs of title insurance.


 

State and County Recording Fees and Transfer Taxes

Clerk’s Recording Fees*:

Deed

Deed of Trust (mortgage)

Release/certificate of

satisfaction of paid-off

mortgage

Transfer taxes based on the purchase price:*

VA tax for Deed

County/City tax for Deed

Transfer taxes based on the mortgage amount:*:

VA tax for Mortgage

County/City tax for Mortgage

Grantor Tax*

BUYER RESPONSIBILITY

$31

$32-66

 

 

 

.0025% of sale price

.00834% of sale price

 

 

.0025% of mortgage amount

.00834% of mortgage amount

 

n/a

SELLER RESPONSIBILITY

$31

 

 

 

 

n/a

 

 

n/a

 

 

.001% of sale price


*Please note that these calculations are for demonstrative purposes only. Some fees vary by county or city, and fees and taxes change from time to time.

THE FOLLOWING FEES MAY BE CHARDED BY YOUR LENDER. YOU SHOULD RECEIVE A GOOD FAITH ESTIMATE OF ALL CHARGES, WHICH WILL INCLUDE AN ESTIMATE OF THE CHARGES AND COSTS LISTED ABOVE. ALL OF THE FEES LISTED BELOW VARY FROM LENDER TO LENDER.

  • Lender fees may include:

  • “Points” (1 point =1% of loan amount)

  • Appraisal/Application Fees

  • Credit Report Fees

  • Document Preparation Fees

  • Underwriting Fees

  • Flood Certification Fees

  • Tax Service Fees

  • Processing Fees

  • Interest Rate Lock-In Fee

  • Mortgage Broker commissions and fees

  • Prepaid Items:

  • Real Estate Tax Escrows

  • Hazard Insurance Escrows

  • Homeowner’s Association or Condominium Dues

  • Mortgage Insurance

  • Interim Interest

* Please note that the fees stated herein are subject to change. If you retain my services, you will be given an exact quote for my fees. The government fees stated above are estimates only based on current regulations and are subject to change from time to time.