Tips on Why Recording Fees are Included in a Real Estate Sale

by Meryl Diamond 03/16/2020


 Photo by Steve Buissinne via Pixabay

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.

What is a Recording Fee?

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.

How Are Recording Fees Determined?

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.

Try Not to Stress Over Closing Costs

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.

About the Author
Author

Meryl Diamond

Professional Profile

While I was born and raised in Brooklyn, New York, I have spent the last 27 years living in the Lisle and Naperville area. The first single family home my husband and I ever owned was in Green Trails, Lisle. There were two things we loved about living in Green Trails - the sense of community and all the green space. This was a dream come true for my children who always had a friend to play with or a babysitter near by. For me, it gave me a chance to get to know the neighbors whom I have built lifelong friendships with. From neighborhood garage sales to summer barbeques, we always found reason to come together.

The other thing that was wonderful about Green Trails was all the green space. As someone who grew up in a city, I wanted to give my children the opportunity to run around and explore their environment. Our house was a short walk to a beautiful gazebo. We also enjoyed walking on the paved trails and bike rides to the park and tennis courts. Being able to enjoy outdoor space opened up my kids' imagination and more importantly burned off all that energy that they always seemed to have!

Once the kids got older we realized that we needed more space, so we purchased our second home in Naperville. This transition was easy for our family, as Naperville is not only close to Lisle, but also has the same community feel that we loved about Green Trails. My children got to attend Naperville 203 schools and my husband has easy access to I-88 so he could commute into Chicago.
The kids are all grown up now (funny how time flies!) but Naperville continues to be the ideal place to live. With downtown Naperville so close, I get to enjoy trying new restaurants and there always seems to be live music to enjoy. I stay involved in the community through volunteering at Public Action to Deliver Shelter (P.A.D.S) where I am a regular as well as a Housing Coordinator, where I organize an annual drive to provide furnishings for a family in need and coordinate a place for them to live.

Naperville is my home now and the place where my children have fond memories of their childhood. My husband and I feel so lucky we stumbled upon these two great communities and have no intention of leaving anytime soon! 

Professional Qualifications

First licensed in 1986

Joined RE/MAX in 1993

Professional Designations

RE/MAX club membership: 100%

Platinum Club

Hall of Fame