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Your Agent

Your real estate agent is your personal troubleshooter. It' s your agent that makes sure problems don't prevent the deal from closing.  When problems arise, your agent should help you quickly resolve them.  Your agent makes money only when the transaction closes. They typically receive three  percent of the purchase price.

 

Your Loan Representative or Mortgage Broker

Your mortgage broker or loan representative will process your loan application and secure your financing so you can close the deal.  The lender who actually loans yo the money pays the mortgage broker one percent of the loan. That cost is passed onto you, the borrower through the cost of your loan.

 

The Appraiser

By estimating the home's market value, the appraisers makes sure you have not agreed to pay more than the home is worth.  They usually receive $200 to $400.

 

The Home Inspector

A home inspector will examine the house looking for defects and problems. These problems could be items of negotiation with you and the seller. Inspections take up to 4 hours and inspectors charge anywhere between $300 to $500.

Pest-control Inspector

The pest control inspector will look for damage caused by termites or other pests, as well as fungus. Pest control inspectors charge between $75 and $225 plus the cost of repairs.

 

Closing Company

The escrow company is a neutral party that holds all documents and funds until obligations by all parties are met. After obligations are fulfilled, the escrow company distributes the funds and the documents. Escrow companies charge $400 or more.

Title insurer

The title company investigates the previous ownership of the home to make sure no one has any legal claims against the selling of the house. They insure your title so that if any claims arise in the future ownership will be protected.  Title insurance can be anywhere between $700 and $2000. It is a one-time payment at closing.