What this due-diligence check covers
Closing costs depend on state, county, contract, financing, title scope and due-diligence choices.
Keep acquisition closing costs separate from post-closing development costs.
Why it matters before closing
Underbudgeting can force buyers to skip important title, survey or feasibility work or leave no reserve for immediate taxes and maintenance.
What to verify
- Request an early estimate from the settlement provider and lender.
- List survey, legal, inspection and specialist costs.
- Confirm transfer, recording and tax treatment.
- Reserve for insurance, property tax and association charges.
Red flags that deserve follow-up
- Seller-paid language misunderstood.
- Lender fees estimated before final loan structure.
- Survey or title endorsements omitted.
- Delinquent taxes or assessments discovered late.
Evidence to keep in the parcel file
- Loan estimate if financed
- Title or settlement estimate
- Contract allocation of costs
- Final settlement statement
Questions to ask before the deadline
- Who pays title and escrow charges?
- What taxes or recording fees apply?
- Is a survey required?
- Are dues or assessments prorated?
- What due-diligence costs are paid before closing?