Real Estate Closing Form
This Real Estate Closing Form encapsulates the pivotal moment of property transfer, meticulously outlining the financial intricacies of the transaction between the buyer and seller within [Your Company Name]. It serves as a comprehensive record of the property's details, transaction specifics, closing costs, adjustments, and final settlement figures.
Property Information
Property Address: | [Property Address] |
County: | [County Name] |
Parcel Number: | [Parcel Number] |
Legal Description: | [Legal Description] |
Type of Property: | [Type of Property] |
Transaction Details
Purchase Price: | $250,000 |
Earnest Money Deposit: | $5,000 |
Loan Amount: | $200,000 |
Down Payment: | $50,000 |
Closing Date: | March 31, 2024 |
Closing Costs
Item | Buyer's Cost | Seller's Cost |
|---|
Title Insurance | $1,200 | $800 |
Recording Fees | $300 | $200 |
Inspection Fees | $350 | $0 |
Appraisal Fees | $500 | $0 |
Attorney Fees | $1,000 | $1,200 |
Property Taxes | $1,500 | $0 |
Prorated HOA Fees | $200 | $0 |
Other Fees | $300 | $150 |
Total Closing Costs | $5,350 | $2,350 |
Credits and Adjustments
Item | Buyer's Adjustment | Seller's Adjustment |
|---|
Prorated Property Taxes | $300 | $0 |
Home Warranty Contribution | $500 | $0 |
Repairs/Improvements | $0 | $1,000 |
Other Adjustments | $100 | $0 |
Total Adjustments | $900 | $1,000 |
Final Transaction Details
Total Funds Due at Closing: | $4,450 |
Total Funds Due to Seller: | $1,350 |
Cash to Close (or from Seller): | $3,100 |
Total Net Proceeds to Seller: | $1,350 |
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