Sellers Will Generally Be Expected to Pay for the Following:
- 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 Can Vary with Counties and Cities
- Any Loan Fees Required by Buyer’s Lender
- Notary Fees – Sellers Documents
- Termite Inspection and Repairs According to the Contract
- Any City Transfer/Reconveyance Tax
- Payoff of All Loans in Seller’s Name
- Interest Accrued to Current Lender, Statement Fees, Reconveyance Fees, and Any Pre-payment Penalties
- Homeowner’s Association Transfer Fee and Prorate Dues (If Applicable)
- Bonds of Assessments According to Contract
- Home Warranty According to Contract
- All Delinquent Taxes
- Any Judgments, Tax Liens, etc. Against the Seller
- Tax Proration
Buyers Will Generally Be Expected to Pay for the Following:
- Title Insurance Premium Covering Loan Policy (ALTA) Notary Fees – Buyer Documents
- Document Preparation Fees – Buyer Documents
- Tax Proration
- Inspection Fees (Geological, Property, Roofing, 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 Contract
- Preliminary Change of Ownership Fee
- Other Proration if Applicable
