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Purchase Rates & Fees

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This statement sets forth 2007 settlement fees and costs for a purchaser (for a refinance, click here) in real estate transactions in DC, Maryland and Virginia.

Our company promotes a fair and straight forward fee structure to avoid surprises at settlement and to establish a relationship of trust with the purchasers and agents we service.

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 Fee Name  D.C.  Maryland  Virginia
 Settlement Fee  $300  $300  $300
 Title Search/Abstract  $275  $230  $125
 Location Survey*^  $225  $225  $360
 Title Insurance  See Rates  See Rates  See Rates
 Recording Service Fee  $25  N/A  N/A
 Messenger/Fax/Copies (approx.)  $65  $65  $65
 International Courier Costs  Market Rate  Market Rate  Market Rate
 Power of Attorney (if applicable)  $75  $75  $75
 Simultaneous 2nd Trust
 Settlement Fee (if applicable)		  $300  $300  $300

* Only required for Single Family Homes.

^Survey prices may vary with location.

Simultaneous Issue Transactions:
When an owner's policy and a loan policy are issued simultaneously, the rate applicable for the owner's policy shall be the regular owner's rate. In all cases the owner's policy shall be issued for the sale price of the property or, in the even there is no sale, the value of the premises. An additional $25.00 (DC & MD) or $100 (VA) will be added to the premium whenever a simultaneous issue occurs. These rates are based on the First American Title Insurance Company "Eagle Policy." Quotes for other title insurers and other title insurance products are available upon request.

Re-Issue Rate Policy:
To qualify for a reissue rate, the borrower must provide the (seller's) current owner's title policy which must be less than 10 (ten) years old. The reissue rate is based on the the face amount (coverage) of the (seller's) current policy. However, if the buyer qualifies for the Real Credit Program then we can only honor EITHER the re-issue rate or the Real Credit, not both.

Updated on 3/5/2008 - This information is deemed reliable, but not guaranteed.