| Services at Our Real Estate Title
Company | (703)
591-0285 | | ————————————————————————————————————
| | Settlements &
Closings • Title Insurance |
Sellers Information Needed for
Closing We have been engaged as the
Settlement Agent for the closing on the sale of your home. To
assist us in making this a smooth closing process please forward
the following items upon receipt. Termite Certificate Well Certification, If
Applicable Septic Certificate, If
Applicable Information on the current
mortgage holders on the liens that will need to be satisfied to
convey clear title. If a Power of Attorney is to be
used to sign the closing papers, a copy of the Power of
Attorney. Copies of your owner's title
policy Copies of any old
surveys Information on any homeowner's
association or condo association for your property.
The following items are
of importance at the closing table and should be brought to
settlement: Please bring all parties that are
currently on the deed on property (as they will need to sign their
interest over to new owners) Copies of picture identification
cards (driver's licenses acceptable) Your net proceeds will NOT be
disbursed at the settlement table. Original Power of Attorney if
needed.
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By law, funds
may not be disbursed until all instruments have been
recorded. Funds will be disbursed within 48 hours after all
documents have been recorded. If you want funds wired, please
supply wiring instructions as soon as you are informed of them. If
you want an assignment of funds to another settlement company for a
"back to back" settlement, please provide All
American Title with that information prior to closing so
that we may prepare the proper documents for you to execute at
settlement. If you have
any questions, please don't hesitate to give us a call at
(703) 591-0285. |
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Purchase & Sale Fees-Virginia Properties
Description | Charge | Settlement/Closing
Fee | $200.00 - Buyer$200.00—Seller | Abstract
or Title Search | $110.00 - $150.00—Buyer
(Depending on Location/Abstractor) | Title
Examination/Commitment | $100.00—Buyer | Title
Insurance: Based on Sales Price | $3.90 per $1,000 for first $100,000 then
$3.40 per $1,000 more $100,000
Simultaneous Issue Rate for Mortgagee Policy + $50.00
(Standard Coverage)—Buyer$4.68 first $100,000 then $4.08 over
$100,000 + $50.00 (Enhanced Coverage) | | | Government Fees | Charge | Recording
Fees | Deed=
$33.00—Buyer
Deed of Trust= $46.00 (on average)—Buyer
Releases= $23.00- Seller | Deed Recordation
Tax | $3.33/$1,000 of
Sales Price—Buyer | Deed of Trust
(Mortgage) Recordation Tax | $3.33/$1,000 of
Loan Amount—Buyer | Grantor
Tax | $1.00 per $1,000 of
Sales Price—Seller | Notary Fee/Wire
Fee | $25.00—Buyer$25.00—Seller | Release
Preparation | $85.00 per
payoff**—Seller | Overnight/Courier Fee | $60.00-
Buyer$60.00—Seller | Survey | $250.00 under 1
acre—Buyer | Termite
Inspection | $30.00 -
$65.00—Seller |
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**Additional Payoff
fee of $15.00 per payoff beyond three payoffs
Buyer/Seller allocations are based on usual practice, transactions
may differ.
Fees based on information provided at time of quote, additional
fees may apply. Thank you for
your interest in our services. Please call John or Leslie
Carter with any questions at 703.591.0285. We look forward to
helping you with this transaction. |
Contact us at our real estate settlement &
title company in Fairfax, Virginia,
your complete real estate settlement, closing
and title insurance provider. |
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Membership:
Virginia Land Title Association
Hours of Operation:
Monday–Friday
9 a.m.–6 p.m.
Occasional Saturdays by Appointment
Service Areas:
Fairfax, Northern Virginia,
Arlington, Alexandria,
Prince William, Loudoun & Washington, DC |
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