closing costs - The Housing Ledger (Page 3)

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closing costs

A collection of 57 posts

Who Pays Title Insurance in Alaska: What Buyers and Sellers Should Know

title insurance

Who Pays Title Insurance in Alaska: What Buyers and Sellers Should Know

In Alaska home sales the customary practice is that sellers pay for the owner's title insurance policy while buyers cover the lender's policy. This guide shows how to confirm who pays in your deal and practical negotiation steps.

Who Pays Title Insurance in Alabama: Buyer vs Seller Explained

title insurance

Who Pays Title Insurance in Alabama: Buyer vs Seller Explained

In Alabama, local custom usually determines who pays title insurance: sellers commonly buy the owner's policy while buyers typically pay for the lender's policy. This explainer covers how each policy works and what you can negotiate.

How to understand and manage closing costs in Alabama

How to understand and manage closing costs in Alabama

Closing costs in Alabama typically run about 2%–5% of the home's purchase price. This guide explains what fees are included, how to estimate your total, steps to reduce them, and what to bring to closing.

Why I Got a Supplemental Property Tax Bill After Closing

Why I Got a Supplemental Property Tax Bill After Closing

You just closed on a house, your mortgage and escrow account started, and then you get an unexpected supplemental property tax bill — that’s upsetting but common. Short answer: a supplemental bill is a post-sale reassessment the county issues when taxable value changes because of a change in ownership

Colorado real estate

What Is the Colorado Documentary Fee on a Home Sale?

If you've spotted a 'documentary fee' on your Colorado closing documents, rest assured: it's a legitimate state tax, not a junk fee from your lender or title company. This small, mandatory charge is required to make the property transfer official public record. The fee

Does Texas Have a Real Estate Transfer Tax? A Clear Answer

Texas Real Estate

Does Texas Have a Real Estate Transfer Tax? A Clear Answer

No, Texas does not have a real estate transfer tax. Unlike many states, the Texas Constitution explicitly forbids any state or local tax on the sale of property, so you can remove that line item from your closing cost budget. While you are off the hook for that specific tax,

Who Pays Transfer Tax in Pennsylvania: Buyer or Seller?

Pennsylvania real estate

Who Pays Transfer Tax in Pennsylvania: Buyer or Seller?

When you see 'Realty Transfer Tax' on a settlement sheet in Pennsylvania, it's natural to wonder who pays it. The answer is straightforward: the buyer and seller almost always split the cost 50/50. This isn't a law, but a long-standing custom that