The Buying Process

Congratulations on beginning the process towards purchasing a piece of Charleston and thank you for choosing me to help you in this exciting time.  Whether this is your first home purchase or your fifth and beyond I hope to make the process as easy as possible.  After ratifying a contract the first step will be to reach out to your lender to give them the ratified contract and begin the loan process. Next you will hire a home inspector within your due diligence period and we will negotiate the repairs based on their report.  During this time we will also start to get insurance quotes and will hire a closing attorney to do a title search on the property and prepare your closing documents.  I have enclosed a list of professionals I have confidently worked with in the past in case you are looking for a referral.  Once you have chosen who you would like to work with on each of these task please let me know and I will coordinate all scheduling and documents with whoever you choose to work with.  

Buyer estimated closing costs:

Home inspection – minimum $300
Pest inspection – $100 – $200
Loan origination fee: ~ .75% – 1% of loan amount 

Credit report – $50 – $100
Appraisal fee – minimum $350
Mortgage insurance application – $50 – $100 

Lender's inspection fee $50 – $100
Flood fee – $12 – $60
Survey – $400 – $1000

Attorney’s fee – $500
Title search – $150 – $200
Title insurance binder – $25 – $100
Title insurance – based on purchase price:

 $3 per $1000 up to $50,000
 $2.50 per $1000 from $51,000 to $100,000
 $1.75 per $1000 from $100,000 – $500,000
 $1.50 per $1000 from $500,000 – $5,000,000

One year hazard insurance premium 

One year flood insurance (if required) 

© Copyright 2023 Real Estate Co. No animals were harmed in the making.

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