Who Pays What?

The Seller Will Generally be Expected to Pay For:

• Real Estate Commission
• Title and Escrow Fees
• Document preparation fee for Deed
• Document recording charges that effect the seller
• County Transfer Tax ($1.10 per $1,000 of sales price) This varies with county and city
• Any loan fees required by buyer’s lender
• Notary fees – Sellers Documents
• Termite inspection and repairs according to contract
• Any city transfer/reconveyance tax
• Special delivery/courier fees
• Payoff of all loans in seller’s name
• Interest accrued to old lender, Statement Fees, Reconveyance Fees and any prepayment penalties
• Homeowner’s association transfer fee and prorate dues (negotiable)
• Bonds of assessments according to contract
• Home warranty according to the contract
• All delinquent taxes
• Any judgments, tax liens, etc. against the seller
• Tax proration
• Recording charges to clear all documents of record against seller

The Buyer Will Generally Be Expected to Pay For:

• Title insurance premium covering loan policy (ALTA)
• Notary Fees – Buyer Documents
• Document preparation fees – Buyer Documents
• Tax proration
• Inspection fees (roofing, geological, property, etc.)
• Homeowner’s transfer fees
• Special delivery/courier fees
• All new loan charges (except those required by the lender for the seller to pay)
• Interest on new loan from date of funding to 30 days prior to first payment date
• Fire insurance premium for the first year
• City transfer/reconveyance tax according to the contract
• Preliminary change of ownership fee
• Assumption/change of records fees for takeover of existing loan
• Beneficiary statement fee for assumption of existing loan
• Other proration if applicable

The above items are negotiable between buyer and seller, as agreed upon in your individual sales contract. This is for informational purposes only.