Closing Costs, What you should expect.

Closing Costs seems like this big enourmous intangible bottomless pit that no one seems to know until  near the very end of a transaction or  at the least one can feel its looming shadow....

What can you expect from your closings costs?

Buyer's Typical Closing Costs, these fees (subject to any contractural agreement between the parties involved) are independent of loan downpayment(s).

• One half of escrow fee
• Lender's ALTA Extended Title Insurance Premium
• Document preparation
• Pro-rated fees: real estate tax, Homeowners Due (HOA), some utilities
• Reconveyance & recording fees
• Homeowners/Hazard Insurance premium for the first year
• Inspection Fees
• Loan charges
• Other miscellaneous fee: courier,

Seller's Typical Closing Costs
(subject to any contractural agreement between the parties involved)

• Work orders, if applicable
• One half of Escrow Fee
• Title Insurance Premium
• Homeowners Due (HOA)
• Real Estate Fee
• Home Warranty
• Assessment, or bonds
• Loan payoff amount and fees, i.e. prepayment penalty if any 
• Liens, if any
• Recording charges
• Excise Tax (King & Pierce County is 1.78%) plus applicable sales tax