At Cash Home Buyer Pros, we divide real estate ownership into 3 different phases: purchase/buying, ownership/holding, and sale/selling. There are different costs associated with each phase. Let’s break this down and see just what they consist of in a customary scenario.

Purchase/Buying:

All of the following items listed are Closing Costs.

  • Title insurance policy
  • recording costs for the Deed
  • mortgage recording
  • wire fees
  • document prep
  • 50% of the total transfer tax amount

Ownership/Holding:

All of the following items listed are Holding Costs.

  • Homeowners insurance
  • Real estate taxes
  • Utilities
  • Mortgage payments (if any)
  • HOA payments (if any)

Sale/Selling:

All of the following items listed are Closing Costs.

  • Deed preparation
  • Title clearance
  • 50% of the total transfer tax amount
  • Dye test inspection and corresponding repairs (if needed)
  • Occupancy inspection and corresponding repairs (if needed)

Are you thinking about selling your property? Do you have questions about these costs? If so, get in touch with us. We’ll be happy to answer your questions and curiosities!

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