During an escrow, what will I be required to pay for?

Outside of closing costs you will have three checks that you will be required to write once you make an offer:

An earnest money deposit. This is required at the time that you submit an offer. Industry standard dictates that this is usually 1% of the sales price.

You will also be required to pay for an appraisal. This will typically be between $250 and $450 dollars.

You will also be required to pay for a physical inspection. This will also typically run between $250 and $450 dollars.

Click here for more details on who pays what (PDF File - Size 16kb)

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