Ever wonder what your costs will be in purchasing or selling a home?  Below is a break down with items a buyer or seller may have to pay.  Many of these items are negotiable, while some are not.  Many of the costs vary according to the type of property sold, the lender requirements, and whether the home is in a homeowner's association.

Seller can generally expect to pay

• Owner's title insurance
• Transfer Taxes - in Nevada this is $5.10 on every $1000
• Real estate commission
• Half of the escrow fee (except VA)
• Notary fees (if applicable)
• Any loan fees required by Buyer's lender (if agreed upon in purchase contract)
• Payoff of all loans including accrued interest, statement fees, re-conveyance fees, and any prepayment penalties
• Termite inspection (if agreed upon in contract) - $75 to $100*
• Home warranty  (if agreed upon in contract) - approximately $500*
• Any judgments, tax liens, etc. against the Seller
• Recording charges to clear all documents of record against the Seller
• Tax pro-ration for any taxes unpaid at time of transfer of title
• Any unpaid homeowners association dues
• Homeowner Association documents**
• Homeowner Association transfer fees
• Pro-rations on any homeowners association dues
• Any homeowner association assessments (if agreed upon in contract)
• Any and all delinquent taxes

 The Buyer can generally expect to pay:

• Lender's title policy
• Half of the escrow fee (except VA)
• Document preparation (if applicable)
• Notary fees (if applicable)
• Recording charges for all documents in Buyer's name
• Termite inspection (if agreed upon in contract) - $75 to $100*
• Homeowners' association transfer fee (if agreed upon in contract)
• Pro-rations on any homeowners association dues
• All new loan charges (except those which the lender requires the seller to pay)
• Interest on new loan from date of funding to 30 days prior to first payment date
• Home warranty (if agreed upon in contract) - approximately $500*
• Fire insurance premium for first year
• Pro-rations on taxes, insurance, etc.
• Home inspection (at buyers discretion) - approximately $300 and $600* depending on size of home and is paid at time of inspection.
• Appraisal fee (if agreed upon in contract) - approximately $400+* depending on size of home and is paid at time of appraisal

* All figures are approximate

**In Nevada if there is a Homeowners Association (HOA) invoved, the homeowner is required to provide the buyer an HOA package.  There are instances where there are more than one HOA involved (i.e. Summerlin, Green Valley, and others)...sometimes as many of three HOAs...documents are required for all associations and can costs several hundred dollars.  These documents include but are not limited to CCR's, By-laws, Rules & Regulations, Minutes, Financial Reports)

All information is deemed reliable but not guaranteed.