There are a variety of different terms that you must become familiar with as you purchase a new home. You have to pay an application fee, underwriting fees, titles fees and more. But one that seems to leave many buyers scratching their heads is the recording fee. A recording fee is a normal part of the closing costs due when purchasing a home and may be paid by you or the seller.
Recording fees are charged by a government agency whenever you need to register or record a real estate purchase. These fees allow the purchase to become part of the public record and are typically charged by the county in which the home was purchased, as this is where all records of property purchases and sales are maintained. Recording fees can vary greatly from county to county.
Different agencies can issue their own guideline for submitting documents and recording fees based on each document type. While the recording fee may be $10 in one county, it could be $16 in another neighboring area. Some agencies may charge a recording fee based on the size of the document submitted. For example, you may be charged $30 for the first page of the document, plus an additional $3 for each page that follows. In addition to the title for a property, your local county will also record any mortgages and liens against your home. Therefore, the final cost of recording fees required by the county will depend on the type and overall complexity of the real estate deal.
When a property is sold, a recording fee is usually included as part of the closing costs. Depending on how the sale of your home is structured, these closing costs may be the responsibility of the seller, or they could fall on you to cover before you get the keys. However, it is very common for the buyer to pay for the recording fees so their new mortgage and deed can be entered into the legal records.
If you’re having a conversation about closing costs, that means you’re close to finally owning your new home. There are many costs associated with purchasing a home, but at the end of the day, a recording fee shouldn’t be something to be too stressed over.
As a lifelong resident of Litchfield County, Heather is quite familiar with the beautiful Northwest Corner of Connecticut. In partnership with her husband at Turri, Inc., in Torrington, she managed and grew a 30+ employee electrical contracting firm that served both the residential, commercial and industrial industries. Currently residing in Goshen she hopes to transfer and utilize many of the skills she learned in contracting to the real estate industry.
Knowing how a vital community relies on its volunteers, Heather spent many hours in several capacities at local organizations that she admires. She serves on the Woodridge Lake Finance Committee and House Committee, Victoria Court Condominium Association (secretary) and Educating Canines Assisting with Disabilities (volunteer and nursery mom). Heather has also been involved with Goshen Community Care & Hospice (president of board of directors), Warner Theatre (board of directors), LARC (volunteer), Festival of Trees (founder), the Northwest Chamber of Commerce, and Goshen Business Circle. Heather also served as Vice President of Woodridge Lake’s Board of Directors.
In Heather’s spare time, she enjoys spending time with family usually in an active way by playing tennis, golf, boating, hiking and skiing.
Heather is honored to be a part of the E.J. Murphy team and hopes you will contact her with any of your real estate needs.
