Below is a chart of closing cost categories when purchasing property on Kauai.
The first section, Buyer Closing Costs, lists the items as stated on our purchase contract. Though all items are negotiable, the distribution of costs in the pre-printed section of the purchase contract tend to stay the same in most transactions.
The second section, Additional Costs, lists the items that typically are incurred or may be incurred by your selection of services, lender requirements, or association requirements. While condo documents, survey or staking, and termite inspections are generally at the seller's cost, if you select to purchase a short sale or bank sale, these items will generally not be paid for by the bank or approved by the lender (short sale).
The third section, Loan Fees, lists the items likely to be incurred as a result of obtaining a loan to purchase the property. This is a general list as your number 1 resource for loan costs and data will come from the lender you select.
As many costs are directly related to the purchase price, type of property (home or condo) and type of sale (short sale, bank sale, regular sale), I have not included figures or costs. However, when you have decided the estimated price point of your offer, I would be happy to provide an updated and more detailed list.
Keep watching my blog for additional information, details, and updates on Closing Costs.
| Buyer Closing Costs |
| Title Insurance 40% |
| Drafting Mortgage |
| Buyer Consents |
| Notary Fees |
| Recording Fees |
| Escrow Fees 50% |
| Condo Transfer Fees |
| All fees associated with loan |
| Mailing Fees |
| |
| Additional Costs |
| Property Inspection |
| Condo Docs |
| Attorney Document Review |
| Survey or Staking |
| 2 months maintenance fees |
| 6 months insurance |
| 6 months/1 tax installment |
| Termite Inspection |
| Home Warranty |
| Mold Inspection |
| Cesspool/Septic Inspection |
| |
| Loan Fees |
| Processing |
| Underwriting |
| Appraisal |
| Credit Report |
| Flood Cert |
| Tax Service Fee |
Jamie Friedman (RA)
Prudential All Star Realty
direct (808) 634-2011
fax (808) 356-1342
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