India is considered by some to be one of the most diverse countries in the world; with over 122 languages spoken by at least 10,000 people, topography that ranges from the Himalayan mountain range to the Great Indian Desert, and the worldâs largest film industry - there is something for everyone in India!
Hate to make it sound that greedy, but when we in the industry see escrow fees on the same property run, for example, from $600 to $1,500, it even blows us away. Okâ¦let us begin with the Base rate. Almost all escrow companies charge a base rate, and that is computed on the sales price of the property. At Westcoe Escrow, we charge $2 per thousand of the sales price, plus $200. Therefore, for a $250,000 sales price, the base rate paid by both the buyer and the seller would be $250 x $2 plus $200â¦.for a total of $700. Notice I say both, because this base rate, on 99% of all sales, is charged to both partiesâ¦$1,400 to the escrow company split 50/50 by the buyer and seller.
There are two types of costs or expenses in an escrow: the recurring costs and the non-recurring costs. This chart will define and give examples of both types. Recurring Costs. Costs which the party pays at closing but will continue to occur or be repeated after the escrow closes as a cost of maintaining the property. 1  Fire Insurance Premium. 2  Homeownerâs Association Dues. 3  Real Property Taxes. 4  Interest on the New Loan.