Your Costs When Buying or Selling

Seller Closing Costs
-Title Insurance Approximately $450 for a sale price of $150,000
-Administrative and/or Attorney Fees Usually less than $100
-Recording Fee Typically around $20
-Wisconsin Real Estate Transfer Fee .3% of sale price
-Commission Agreed upon percentage or flat amount paid to your agent
-Real Estate Taxes Prorated taxes for the number of days you owned the home this year

Buyer Closing Costs
You’ll likely be responsible for a variety of fees and expenses that you and the seller will have to pay at the time of closing. Your lender must provide a good-faith estimate of all settlement costs. The title company or other entity conducting the closing will tell you the required amount for:
-Down payment
-Loan origination
-Points, or loan discount fees, which you pay to receive a lower interest rate
-Home inspection
-Appraisal
-Credit report
-Private mortgage insurance premium
-Insurance escrow for homeowner’s insurance, if being paid as part of the mortgage
-Property tax escrow, if being paid as part of the mortgage. Lenders keep funds for taxes and insurance in escrow accounts as they are paid with the mortgage, then pay the insurance or taxes for you.
-Deed recording
-Title insurance policy premiums
-Land survey
-Notary fees
-Prorations for your share of costs, such as utility bills and property taxes