What are the purchaser(s)responsibilities and costs?
The purchaser(s)is responsible for delivering to the closing a cashiers or certified check and policy for homeowners insurance. The costs associated with the buyer may include the title insurance policy, recording of closing documents, mortgage closing costs and the balance of sale between buyer and seller. The balance of sale costs are itemized in the Closing Statement prepared by Legacy Title Services. The mortgage costs may differ depending on the lender the purchaser(s) chooses. Estimates of all costs can be provided by both Legacy Title Services and the lender upon request. Always keep in mind that the Purchase/Sale Agreement (Contract) is a determining factor in calculating closing costs as the Contract generally dictates which charges are the Seller’s, and which are the Buyer’s.
