Homebuyers
Settlement Fees for Homebuyers
Homebuyers can save on closing costs by price shopping multiple title service providers.
District of Columbia
| Service | Fee |
|---|---|
| Settlement Fee (all inclusive¹) | $1,275 |
| Title Exam | Included |
| Electronic Storage + Access | Included |
| Closing Protection Letter (CPL) | Included |
| Courier Costs | Included |
| Tax Certificate | Included |
| Recording Service (if applicable) | Included |
| Notary | Included |
Our settlement fee is all-inclusive. For bank-owned / foreclosure, new construction, short sale and commercial properties, settlement fees may vary. Use Quick Quote for an accurate and anonymous closing cost estimate.
Additional Services¹
These services are not required for all transactions.
| Service | Fee |
|---|---|
| Power of Attorney Document Preparation | $150 |
| Simultaneous 2nd Trust Document Preparation² | $300 |
| Buyer Remote / Mobile Notary Closing / Signing³ | $200 |
| Expedited Closing⁴ | $350 |
Prices applicable to the District of Columbia. All other jurisdictions, use our Quick Quote.
¹ The all-inclusive fee does not include the additional services listed above, as they are not required for all transactions.
² An additional document preparation fee of $300 applies if you obtain a second mortgage (i.e., home equity line of credit) simultaneously with your transaction.
³ IMPORTANT: Due to the numerous documents required to be signed by homebuyers and the lender-imposed signature rules, buyer remote closings pose a significant risk to the homebuyer. For lender-financed transactions, original wet-ink documents must be signed and returned to our offices no later than the date of closing. A missing signature, initial, improper document date, or improper notarization would nullify the closing and require a re-scheduling; the result of which may jeopardize the homebuyer's performance under the terms of their sales contract and put them at risk of default. Note also that many mortgage lenders prohibit the practice of homebuyer remote closings/signings.
⁴ For requests to close within 10 business days from the date of the title order.
Settlement fees are fixed, meaning they remain constant regardless of purchase price. However, settlement fees are not the only fees included in closing costs. Consumers must also pay transfer & recordation taxes (buyer & seller, respectively) and a title insurance policy premium. These costs vary depending on the purchase price of your home. By law, it is the buyer's right to choose what title company handles their closing. A little shopping can save a homebuyer thousands of dollars.
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