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Other Closing Costs

Help Topic 8239

Field Name

Definition/Description

Transfer Tax

Fee charged for passing the title of the property from one person to another. Expressed as a percentage.

Deed Recording

Fee charged to record the deed and enter into the public record.

Mortgage Recording

Fee charged for entering the sale of the property into the public record.

Notary

Fee charged to the notary for services rendered.

Commission Paid by Buyer

An administration fee charged by the Broker to the buyer(s).

Homeowners Insurance

Amount charged to purchase homeowners insurance. Select if the fee is prepaid or unpaid.

Home Warranty

Amount charged for the home warranty. Shown as a lump sum.

Home Inspection

Fee charged to conduct the home inspection. Select if the fee is prepaid or unpaid.

Termite/Pest Inspection

Fee charged to conduct the termite/pest inspection. Select if the fee is prepaid or unpaid.

Radon Inspection

Fee charged to conduct the radon inspection. Select if the fee is prepaid or unpaid.

Water Inspection

Fee charged to conduct the water inspection. Select if the fee is prepaid or unpaid.

Septic Inspection

Fee charged to conduct the septic inspection. Select if the fee is prepaid or unpaid.

Attorney Fee

Fee charged by the attorney for services rendered. Select if the fee is prepaid or unpaid.

Association Monthly Payment

Monthly fee charged by the association, if any.

Capitalization Funding Amount

Fee charged by a condo association, usually one-time, to cover any expenses for maintenance/repair of the common areas which benefit all tenants.

Condo Move-in

Fee charged by the condo association prior to moving in, usually to cover costs of new tenants.

Other Fees

Add any fees that do not appear on the BCC worksheet. They will appear on your printed, emailed and saved reports in the "Other Costs" section.