Purchase Price: $350,000
Your 4 payments — and when they are due
Within 2 days
Earnest Money
$3,500
Within 5 days
Appraisal
$600
Estimated
Within 5–10 days
Inspection
$600
Estimated
Closing day
Total due
$24,025
Down payment + costs − credits
How your Realtor is paid
% Fee — Buyer's Agency Agreement
You commit to this in the Buyer's Agency Agreement. In the Purchase Agreement, there is a dedicated line item where we request the seller cover this fee — it's a standard part of every transaction.
Flat Fee — due at closing
This is your out-of-pocket fee. It is due on closing day and is already reflected in your Total Due at Closing.
Your total out-of-pocket Realtor cost: $500. The 3.00% fee ($10,500) is committed to in your Buyer's Agency Agreement. The Purchase Agreement includes a standard line item for the seller to pay this fee — sellers routinely agree, so it does not come out of your pocket.
Earnest Money:
Typically due within 2 days of an accepted offer.
Appraisal:
Typically due within 5 days of an accepted offer.
Inspection:
Typically due within 5–10 days of an accepted offer. This will typically range from $400–$1,000.
Downpayment:
This will typically range from 3–20% depending on your personal finances and goals.
Closing Costs:
We will need to get this number from your lender. Closing costs include lender fees, 1st year of homeowners insurance, reserves for your escrow account, and title fees.
Realtor Flat Fee:
Your out-of-pocket Realtor fee per Buyer's Agency Agreement.
% Realtor Fee:
Committed to in Buyer's Agency Agreement — requested from seller via a standard line item in the Purchase Agreement.
Earnest Money Credit:
Property Tax Credit:
Estimated at 1% of Purchase Price
Potential Seller Closing Costs Credit:
Closing cost estimates are illustrative. Actual costs vary by lender, location, and loan type. Earnest money is credited toward closing. The % Realtor fee is committed to in the Buyer's Agency Agreement and requested from the seller via a standard line item in the Purchase Agreement — sellers routinely agree, so it does not come out of your pocket. Consult your lender for a Loan Estimate.