In San Francisco, my buyers often ask: "Hey Ken, Who pays what?"...on the closing.
Here is an attempt at putting together a list of typical expenses when buying a property here.
- Property Inspections - Pest, Structural, Contractors, Chimney etc...
- Title Insurance Fees
- Escrow Fees
- New Loan Fees - application, appraisal & doc. prep
- Hazard Insurance
- Pro rated property taxes
- Notary Fee
- Document prep Fee - photocopies
- Overnight Delivery Fee
- Pro rated Condo HOA fee
- Condo HOA Move-In fee
- Recording Fees
That covers the majority of the ones I have seen on a consistent basis.
For more information just email me at: kglidewell@pacunion.com
or visit my website: http://www.SFLuxuryProperties.com
Over the last week or so I have noticed an increase in the interest rates being offfered by direct lenders as well as by mortgage brokers.
If you are getting ready to make an offer or are preparing to refinance an existing loan talk with your lender and see if you can "lock" the rate for say 30, 45 or 60 days. Sometimes this is helpful especially in a rising interest rate market.
But ask if there is a fee to do so!!
Enjoy your weekend!!
For more information go to my website: http://www.SFLuxuryProperties.com
I am advising my buyers that now would be a good time to evaluate the current listings and see if something matches up to their needs.
Sellers are motivated due to the rise in interest rates and the beginning of summer. ie...they want to sell and move before the new school year starts.
For more information: email me at kglidewell@pacunion.com
