Fire and extended coverage insurance policy in the
amount of the mortgage. This must be presented at
closing. Recommended: Homeowners policy to cover both
mortgage amount and your equity in the home.
All buyers should be present. If this is not possible,
tell your attorney or title company in ample time
to see if they can make special arrangements.
Bring certified check to closing, made out to you
in the amount of the purchase price less down payment
and mortgage, to be endorsed to proper parties at
closing.
Bring some personal checks to cover miscellaneous
closing costs, such as attorney's fee, tax or insurance
escrow or adjustments, fuel oil, etc.
Order telephone service.
We will take care of having utilities transferred
except telephone, if you desire.
Check your new post office address zip code.
Seller
All sellers should be present
at closing to sign deed and affidavit of title
or arrange with attorney to sign ahead of
time.
You must have an attorney
or title company to prepare deed and affidavit
of title for the purchaser. They will need
your present deed. For the preparation of
the affidavit for a married couple, they need
to know the wife's maiden name and if you
or your spouse has been married before to
anyone living.
Bring personal checks for miscellaneous
items such as attorney, revenue stamps, etc.
Have all keys at closing.
Please give your realtor your
forwarding address.
We will take care of having utilities
transferred, except telephone, if you desire.
Summary of Estimated
Closing Costs
Mortgage application: $250-400
Points: 1 point equals 1% of the mortgage
amount. Example with $70,000 mortgage, 1 point
= &700
Attorney's fees: $650-1000
Recording fees for Deed & Mortgage: $80-100
Title Search: $150-200
Title insurance: $3.25 per $1000 of sale price up
to $500,000; $2.00 per $1000 os sale price up to $2,000,000
Survey: $350 & up
Homeowner's insurance policy: based on variables,
$400 & up Single family; $250 & up condos
Flood insurance: $350-400 depending on mortgage
amount and location of property.
Private Mortgage insurance (PMI): Required with
less than 20% down payment;
varies:
5% down -.78 of mortgage amount / 12 = monthly
PMI cost
10% down -.52 of mortgage amount / 12 = monthly
PMI cost
15% down -.34 of mortgage amount / 12 = monthly
PMI cost 1 to 2 months PMI is paid at closing
Tax adjustment: Example: on a $200,000 house taxes
of $2800 annually , $0-700 depending on which day
of the quarter you close.
Tax escrow: Example: on a $200,000 house taxes of
$2800 annually , $770-950 depending on which day of
the quarter you close.
Special assessments: Example: Sewer of Curbing.
Interest adjustments: Example: With a $100,000 mortgage
at 8% = $734 per month which is prorated per day
Radon Inspection: $75
Termite Inspection: $75-200
Home Inspections: $250 & up
Fuel Oil: $0-500
Review fee: Fee to lending institution if you use
other than their attorney, $100-350
Realty transfer fee: (generally paid by seller)
Standard rates: $1.75 per $500 up to $150,000, $2.50
per $500 over$150,000 New Construction: $.75 per $500 up to $150,000, $2.50 per $500
over$150,000
Sr. Citizen - 62 & over, or blind or disabled:
$.50 per $500 up to $150,000, $1.25 per $500 over$150,000
*The above costs are approximate and are
subject to change.
• Who is Rosa Tarantino:
My pledge to my clients is to achieve and provide superior customer service.
I am dedicated to providing unrivaled performance and excellence in each
and every transaction that I manage.
•
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• For
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A small compilation of info you need when buying a house
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• Links:
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that may be helpful to you.
•
For Sellers:
A small compilation of info you need when selling a house
Rosa Tarantino
Burgdorff ERA Realtors
545 Millburn Avenue
Short Hills, NJ 07078
Direct Phone: (973) 376-2443
Office Phone: 973) 376-5200
Cell Phone: (973) 517-9594
Office Fax: (973) 376-7092 Email Rosa
Rosa loves meeting people and is
committed to a level of service of the highest degree. She strives to make sure
that her clients not only receive the utmost attention to every detail but also
in a kind and caring manner. Rosa strives to provide clients with the best of
care in a constantly changing environment. She is a "natural" at making
personal connections with people and treating them more like friends than as
clients. It is also important to Rosa to insure that the Burgdorff name continues
to be well respected and maintained with the highest regard. It is within this
business philosophy that Rosa conducts her business. She attributes her high
sense of integrity, family values and love of people to her upbringing.
www.rosatarantino.com is brought
to you by Rosa Tarantino "Selling New Jersey one home at a time.™"
for New Jersey real estate. Short Hills real estate
Real Estate in Short Hills, Maplewood, Springfield, Mountainside, Summit, Montclair
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Mortgage application: $250-400
