What are the costs associated with Unison?
For the Unison equity sharing agreement, Unison will deduct a 3.9% transaction fee from your agreement at closing.
Additionally, you are responsible for third-party costs such as appraisal and settlement costs (including title, state taxes, and recording fees). Appraisal fees generally range from $450 to $1,250, home inspection fees typically range from $650 to $1,050 and settlement costs range from $700 to $1,750, depending on your area. Your exact costs will be provided to you prior to closing.
In addition to our standard 3.90% transaction fee, customers who obtain an equity sharing agreement from Unison are responsible for the cost of their home inspection. (There is no home inspection fee for customers who choose not to work with Unison). If you happen to have a recent home inspection that meets standard criteria, let us know and Unison will consider using that one instead.
If you choose not to work with Unison, you will not be responsible for any fees. Additionally, Unison pays any cost of credit reporting, as applicable.