Who Pays For What?

Sellers

  • Real estate commission
  • Document preparation fee for
  • Documentary transfer tax
  • City transfer/conveyance tax
  • Payoff of all loans
  • Interest accrued to lender being paid off, statement fees, re-conveyance fees and any prepayment penalties
  • Termite work (according to contract)
  • Home warranty (according to contract)
  • Any judgments, tax liens, etc., against the seller
  • Recording charges to clear all documents of record against seller
  • Tax pro-ration (for any taxes unpaid at time of transfer of title)
  • Any unpaid Homeowner’s dues
  • Any and all delinquent taxes
  • Notary fees
  • Any bonds or assessments (according to contract)
  • Energy/Water Conservation Compliance

Buyers

  • Title insurance premiums
  • Escrow fee
  • Documentation preparation (if applicable)
  • Recording charges for all documents in buyer’s names
  • Tax pro-ration (from date of acquisition)
  • Termite inspection (according to contract)
  • Homeowner’s transfer fee (according to contract)
  • All new loan charges
  • Home warranty (according to contract)
Contact Us

Please contact us with any inquiries and questions. We're here to help.

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