UNDERSTANDING CLOSING COSTS

Typical Seller Fees

Real Estate Commission

Prorated Property Taxes

Prorated Homeowners Association Fees

Attorney Fee for Deed Preparation

Any Recoding Fees to Satisfy the Deed of Trust

Title Insurance

Attorney Fees, including Faxes, Copies, and Courier to Pay Off the Mortgage State Transfer Taxes

Well/Septic Inspection

Home Warranty (negotiable)

Admin Fee

Agency Relationships

PRINCIPAL/CLIENT - The principal and Broker are bound by a Listing Contract. (The employer of the agent)

Real Estate Broker

Real Estate Sales

PERSON - Operates as a Designated Agent

Dual Agency

Must be disclosed to all parties

An agency relationship in which the agent acts concurrently for both the buyer and seller.

Understanding who pays for what will ensure that there are no surprises.

Typical Buyer Fees

Prorated Property Taxes

Prorated Homeowners Association Fees

Fees Associated with Getting a Loan, Including Origination

Appraisal

Attorney Fee for Closing

Recoding Fees for Deed and Deed of Trust Survey (optional)

Home Inspection

Admin Fee

Pest Inspection (Expect for VA Loans)

Radon Inspection

Mold Inspection

AGENCY - The relationship between a principal’s agent, which arises out of a contract, wherein the agent is employed to do certain acts dealing with a third party.

Customer

The Broker and the Salesperson owe the following fiduciary duties to the customer:

• Act fair and Honestly

• Disclose all known material facts

• Operate with reasonable skill and care

“Katharine was absolutely excellent in every aspect of selling our home. We live in Chicago and sold our lake home in MI and didn’t have to come up once in the entire process. Things like arranging the cleaning person , grabbing plants to enhance the outside of the home , working with a furniture stager, handling the sprinkler blow out , working with the repair people and so much more. She responded immediately to emails and texts and calls and worked endlessly to take the stress off us of being 3 hours away while selling our home. We have bought and sold over 15 times in the past 10 years for various reasons in various states and have a large amount of experience with REALTORS® and the process. Katharine is by far the best REALTOR® we have ever worked with. We only wish we could use her around the country! There isn’t one negative aspect about working with her. It made a very stressful event so much easier.” -

Lauren DeBenedictis

“Katharine was fantastic. She was very efficient in finding us what we wanted when we were looking for a house to buy as well as selling our home on Chippewa Street. She was great at keeping us apprised of what was going on throughout the whole process. I will definitely recommend her to anyone who is looking for a REALTOR®.” - Kara

Smith

“Amazing sales professional. Katharine is knowledgeable, has great negotiating skills, extremely personable and assertive in her approach. Delightful to work with and very creative in her style. I would definitely recommend Katharine Werme Hermsen to anyone buying or selling a home.” -

Bob & Sue Kiser

“A friend of a friend referred us and we could not be happier. Katharine hit the ground running, marketing our unique property in ways that our previous agent did not. She was in constant contact with us and guided us through the process of “getting things done” in order to make the property saleable. She is positive, knowledgeable, supportive and empowering. Thank you!” - Jane

and Nick Bruns

“Katharine, did an amazing job helping us to find our new home. Her professionalism and expertise made the process simple and enjoyable. She was always available to help answer our questions and aid in the buying process. I would recommend her to anyone looking to purchase a home in the greater Kalamazoo area!”

- Grant Geib

“Katharine made our first home buying experience go incredibly smooth. She has a very friendly personality and communicates effectively throughout every step. Her real estate experience is apparent and I’d highly recommend her!” - Brandon

Hubert

“I have known Katharine since I was young so it was an easy choice. She proved beyond a doubt to be our best choice in looking and finding our new home. I look forward to her selling our current home!” -

“Katharine was absolutely amazing! She came highly recommended and was exceptional to deal with. She was extremely knowledgeable, friendly, and professional, making the entire process unbelievably smooth and stress free with her expert guidance. I can’t say enough about Katherine, and we highly recommend her to future buyers and sellers.”

- Johnny & Kristin Walker

David & Kelly Klein

“Katharine was amazing throughout our experience buying our first home! Even through some of the more “trying” times when we were desperately trying to close and we had a flood in the basement! She was able to keep her cool and helped us get everything worked out. I can’t thank Katherine enough for how great she was through our process!” - Kevin

Kirk