Who Pays for What?

The Seller Generally Pays for:
• Real estate commission
• Document prep fee for Deed
• Transfer tax • Notary fees
• Homeowner’s transfer fee
• Interest accrued to Lender being paid off, statement fees, reconveyance fees and any payment penalties
• Any judgments or tax liens
• Tax pro-ration for any unpaid property taxes
• Any unpaid Homeowner’s dues
• Any bonds or assessments
• Any and all delinquent property taxes
 
The Buyer Generally Pays for:
• Title insurance premiums
• Escrow fee• Document preparation
• Recording charges for all documents in Buyer’s name
• Any loan fees required by Buyer’s lender
• Termite inspection
• Tax pro-ration (from date of acquisition)
• All new loan charges
• Interest on new loan from date of funding to thirty days prior to first payment date
• Assumption/change of records fees for takeover of existing loan
• Inspection fees (roofing, property inspection, geological, etc)
• Fire insurance premium for first year