WHO PAYS FOR WHAT?
SELLER
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Real Estate Commission
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Document preparation fee for Deed
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Documentary transfer tax
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Any city Transfer/Conveyance Tax (according to contract)
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Any loan fees required by buyer's lender
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Payoff of all loans in seller's name (or existing loan balance if being assumed by buyer)
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Interest accrued to lender being paid off, Statement Fees, reconveyance Fees and any Prepayment Penalties
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Termite Inspection (according to contract)
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Termite Work (according to contract)
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Home Warranty (according to contract)
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Any judgments, tax liens, etc., against the seller
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Tax proration (for any taxes unpaid at time of transfer of title)
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Any unpaid Homeowner’s dues
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Title Insurance Premium
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Recording charges to clear all documents of record against seller
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Any bonds or assessments (according to contract)
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Any and all delinquent taxes
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Notary Fees
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Escrow Fee
BUYER
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Title Insurance Premium
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Escrow Fee
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Notary Fee
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Document Preparation (if applicable)
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Recording charges for all documents in buyer's name
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Termite Inspection (according to contract)
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Tax proration (from date of acquisition)
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Homeowner's transfer fee
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All new loan charges (except those require by the lender for seller to pay)
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Interest on new loan from date of funding to 30 days prior to first payment date
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Assumption/Change of Records fees for takeover of existing loan
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Beneficiary Statement Fee for assumption of existing loan
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Inspection Fees (roofing, property inspection, geological, etc.
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Home warranty (according to contract)
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City transfer/Conveyance Tax (according to contract)
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Fire insurance Premium for first year