Contract Preparation: Residential:
Commercial:
$350
$350-$500 (Basic)
Seller Representation: Residential:
Commercial:
$425
$425 plus hourly rate for services in addition to document prep.
Deed Preparation only:
$250
$595 for standard residential closings with financing
$495 for all-cash residential closings
$895 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:
$350
Preparation of Contract addenda, rent-backs, escrow agreements, powers of attorney:
$150
Preparation of Residential leases:
$350
Preparation of commercial leases:
Hourly rate
Preparation of Subordination Agreements, Easements, Options, Modifications:
$150-$350
Hourly rate for non-flat fee services
$395
$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.
$4.00 per $1,000 of sale price (approximate)
+ $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
$23
.0025% of sale price
.00834% of sale price
.0025% of mortgage amount
.00834% of mortgage amount
n/a
SELLER RESPONSIBILITY
$31
$23
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.