|
Home Buyers and Sellers Fees and Costs in Las Vegas
Keep in mind as you
review these two lists of customary fees for home
buyers and home sellers in Las Vegas, Clark County,
Nevada is that
everything is negotiable.
The Buyer
generally pays for:
-
Escrow fee charged by the escrow company for their
services -- 50%.
-
Loan fees, miscellaneous charges, points, appraisal
charged by the lender. (One point is 1% of a loan
and is added interest on the loan.)
-
Lender's Title Policy. This insures the lender that
the title to the property is clear and free of liens
or other problems.
-
Document preparation fee which may be required by
the lender.
-
Home inspection costs.
-
Notary fees and express delivery fees, if necessary.
-
Property taxes and bond or assessment fees as
prorated from the date the sale closes.
-
Home Owners' fire insurance for first year.
-
Interest on the new loan from the date the loan
closes to the date the first payment is due.
-
Recording fees charged by the County Recorders
office.
|
Note: If the buyer is using an FHA or other
government insured loan, some fees normally paid by
the buyer may be paid by the seller as a requirement
of the loan.
The Seller generally pays for:
- Escrow fee charged by the escrow company for
their services -- 50%.
- Owners' Title Report. This insures that the
seller has clear title to the property and that
there are no problems or liens or other clouds on
the title.
- City or county transfer fees, if any.
- Repairs on the home, as negotiated in the
contract.
- Home Owners' Warranty on major home systems such
as plumbing, electrical, etc.
- Property taxes and any bond or assessment fees
to the date the sale closes.
- Home Owners Association dues, if unpaid. Any
Home Owners Association transfer fees.
- Payoff fees for the sellers' loan. (This is in
addition to the amount still owed on the seller's
home loan.)
- Notary and express delivery fees, if necessary.
- Recording fees charged by the County Recorder.
|
