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The Counseling Session is a free Consultation
with a professional so that you can get an overview of the process and
a detailed description of what a Buyer Agent can, or cannot do for you.
Contract of Sale
- Seller’s attorney prepares
- Buyer’s attorney reviews, modifies and adds an addendum
- Balance of deposit due when Buyer signs Contract (usually
9%)
Title Search
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Confirms that Seller owns property
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Shows any liens to be released at closing (i.e. Seller’s mortgage) Buyer’s
attorney to order
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$160.00 estimated cost, plus costs of copies from Town Clerk ($5-$10)
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Title insurance policy issued to bank at closing
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Title insurance policy issued to Buyer after closing (after deed recorded)
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$575.00 approx. cost for $150,000.00 purchase price
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Real Estate Guide - Answers to hundreds of common questions
about buying, selling, investing and mortgages. |
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