When you are buying a home, there are plenty of costs associated with closing that have nothing to do with the actual cost of the home. These costs are generally associated with insuring, reviewing, and modifying the title of that property. The costs can be broadly called “title fees”. It’s understandable that you may have questions about all the costs associated with closing on a home, and your title company will be able to provide you with all the information you need.
What Makes Up a Title Settlement Fee?
The settlement fee is sometimes referred to the closing fee, and it covers costs associated with closing operations. Some title companies list out each cost, and some bucket them all in one place, so be sure you know exactly what you’re paying for. Costs bundled under the Settlement Fee may include the cost of:
- Escrow
- Survey fees
- Notary fees
- Deed prep fees
- Title search abstract fees
Who Pays The Title Settlement Fee?
When it comes down to paying the settlement fees, the buyer and seller will have typically negotiated an agreement. Generally, settlement fees are handled by the home buyer, but it is not unusual for the seller to agree to cover the costs as part of the negotiations while selling their home. Given that the settlement fees are made up of many smaller fees, it is possible that certain parties pay for certain items.
Settlement Services from Scott Title
Buying or selling a home is a complex and stressful process with many moving parts and issues that need to be resolved, documented and filed before the transaction can take place. We work with you to ensure the settlement process (also called the closing process) goes as smoothly as possible. Our experts will scrutinize every step and aspect of your transaction, from the investigation of the title to document preparation to the final closing, so that you can focus on the big picture. Our settlement services include deed and document preparation, scheduling the settlement, filing and recording, and more. We pay a high attention to detail to ensure the finest quality for our settlement services.
Settlement experts from Scott Title Services will seamlessly integrate into your real estate team by working with your lender, real estate agent and yourself to guarantee that the transaction is both successful and as stress free as possible. We coordinate everything to ensure that your interests and rights are protected during the entire closing process and beyond.
