Belinda Alexander - Home Buyers Guide

Buyers Guide

Closing

Real Estate transactions involve many several transfers of money and specific costs to different parties - although unique to each sale and individual, the most common are (talk to your REALTOR® to find out a more detailed listing):

Attorney/Lawyer fees (yours and your lenders if applicable)
Property taxes (to cover tax period to date)
Interest
Title insurance
Any Documentation preparation fees

Before you sign any closing documents you should have your attorney/lawyer review your papers and closing documents to ensure your interests are protected. Your REALTOR® might assist you on selecting a lawyer, or you could find your own. Here are some questions you should ask when looking for a lawyer could be:

Will the lawyer be representing anyone other than you during the transaction?
Will the lawyer be paid by anyone other than you in the transaction?
What is the lawyer's charge for negotiating the agreement of the sale and of reviewing the documents?