SELLERS GENERALLY PAY...
- Real
Estate Commission
- Document Preparation Fee for the Deed
- Document Transfer Tax ($1.10 per $1,000 of sales price
- Any City Transfer/Conveyance Tax (according to contract)
- Any loan fees required by buyer's lender
- (according to contract)
- Payoff of all loans in seller's name (or existing loan balance if being assumed by
buyer)
- Interest accrued to lender being paid off
- Statement Fees, Reconveyance Fees and any loan Prepayment Penalties
- Termite Inspection and work (according to contract)
- Home Warranty (according to contract)
- Any judgments, tax liens, etc., against the seller and Recording Charges to clear all
documents of record against seller
- Tax proration (for any unpaid taxes up to time of transfer of title)
- Any unpaid Homeowner's Dues
- Homeowner's Association Document Fee
- Any bonds or assessments (according to contract)
- Any and all delinquent taxes
- Notary Fees
- Courier Fees
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BUYERS GENERALLY PAY...
- Title Insurance premiums
- Escrow Fee
- Notary Fees
- Recording charges for all
documents in buyer's name
- Termite Inspection (according
to contract)
- Tax proration (from date of
acquisition)
- Homeowner's Transfer Fee
- All new loan charges (except
those required by lender for seller to pay)
- Interest on the new loan from
the date of funding to 30 days prior to first payment
- Assumption/Change or Records
fees for takeover of existing loan
- Beneficiary Statement Fee for
assumption of existing loan
- Inspection Fees (roof,
property inspection, geological, etc.)
- City Transfer/Conveyance Tax
(according to contract)
- Fire Insurance Premium for
first year
- Courier Fees
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