Boeve Properties

For 24 years, we're consistently in the top 1% of all Realtors in West Michigan for sales volume, selling more than 70 homes a year. Learn more about 'Selling Your Home the Boeve Way'. Transfer Tax: A transfer tax is a charge to transfer of ownership or title from one party to another. Title Insurance: Title insurance protects lenders and buyers from financial loss due to defects in a title to a property. Escrow: Escrow is a third party that holds funds before they are transferred from one party to another. The funds will be withheld until both parties have fulfilled their contractual requirements. Most times, the escrow amount is split 50/50 between the buyer and seller. Prorated Property Tax: Taxes cover the duration of the tax period. In the case of property taxes, government tax agencies or sellers may allow eligible individuals to save money by paying prorated taxes. HOA Fees: Just like with property taxes, you'll have to make sure you've paid HOA dues up to the close date. Be sure to read the policy again, too, some HOA's also charge a transfer fee to transfer your property to the new owner. Read more about the pros and cons of an HOA here.