Here is a list of some Seller Paid Closing Costs that the seller is always required to pay at closing. These fees are charged by the title company that handles the closing and not Mink Realty. The fees will show up on the closing statement. These charges are only an approximate costs depending on what Title Company or closing attorney is used for the closing. Mink Realty uses Millennial Title Company as much as possible because of their Verified Seller program which makes for a much smoother closing process. Millennial Title charges a flat rate of $295 to the seller for their closing fees.
2.5%-3% to Buyers agent
1.5% to Mink Realty if no other agent is involved and we write offer(min of $3,000)
GOLD PKG -
2 1/2 %- 3% to Buyer's agent + $1,000 to Mink Realty
2% to Mink Realty if no other agent is involved and we write offer (min of $4,000)
PLATINUM 2 1/2% - 3% Commission to buyer's agent + 1% to Mink Realty
3% to Mink Realty if no other agent is involved and we write offer (Min $5,000)
Title Company Charges: Millennial Title charges a flat rate of $295 for their closing fees.
Other Title Companies fees $195 -$295 settlement/closing fee (also known as title fee) $195 - $225 Doc Preparation $30 - $50 Loan pay off
Taxes: .001 % transfer Tax example: sales price $100,000 tax is $100.00 Prorated taxes (from beginning of the year to closing)
Other Fees: Home Warranty fee (if you agreed to pay this on sales contract)