Question
*LOOK** Are these closing cost average or High Priced ripoffs ****LooK**?
The Loan is a VA loan, 30 year fixed, New Construction, North Carolina. 803. Appraisal Fee 350.00 810. Tax Related Service Fee 82.00 813. ASSIGNMENT FEE 17.00 1107. Attorney Fees 450.00 1109. LENDER'S COVERAGE 210.00 1110. CLOSING AGENT DELIVE 40.00 1201. Recording Fees 85.00 1301. Survey Fee 175.00 1303. Flood Certification Fee 10.00
7 months ago - 4 answers
Best Answer
Chosen by Asker
The fees and amounts you show above are typical.
Source(s)
too may years in the real estate title business
by effeykins
7 months ago
Asker's Rating: 
Other Answers
Most of them are a bunch of crap. My bank wanted to charge about $40 for courier fees (someone to walk the paperwork from one side of the building to the other) and $50 each time they send an email to someone regarding my loan. I had a "loan origination" fee and a "loan start-up" fee. Since the lender couldnt explain the difference, he cut one of them out (the cheaper one, of course). He also cut out the other stupid fees I mentioned here because I told him I was going to shop around for someone who didnt fee me to death. Several of the fees are legitimate, but some were just plain rediculous. The fees you mentioned above are pretty much in line with the amounts I paid.
by lathom01- 7 months ago
Actually cheaper then you would pay in NY.
by sassy2- 7 months ago
They are more in line, in fact, two of them are low. Flood certs can run as high as $30 and that survey fee is about 1/2 of what I have seen surveyor's charge. Yes, you always need a NEW survey whenever property is transferred...regardless of what anyone tells you. These fees are NOT crap: Appraisal....this goes directly to the appraiser. Tax Related Service Fee.....this is not a bunch of crap, people think it's a junk charge, but it's not. Assignment fee...this is to process the paperwork from the broker to the bank. Attorney fee...obvious...goes to the attorney. Lenders coverage...this is title insurance to cover the lender. What I don't see is title insurance to cover YOU...you never, ever buy a home without title insurance..ever. Closing agent and delivery....this is a charge for sending the payoffs via overnight delivery and the wiring fees, so the payoff on the old loan can be tracked....which is a requirement. Recording fee....this is to cover the cost of the paralegal that has to physically go down to the courthouse...and turn in the recording paperwork, as well as to cover the FEE charged by the COURT for doing so. Survey fee...goes to the surveyor. Flood certification fee...goes to the bank to cover the cost of pulling a flood certification...this is a service that banks have to pay for....so they pass that on to you. There are no junk fees on your list.
by Expert Realtor- 7 months ago