Who Pays For What?

The Seller generally pays for:

n Real Estate commission n Documentation preparation fees for Deed n Transfer tax n Notary fees n Homeowner’s transfer fee n Interest accrued, statement fees, reconveyance fees and any payment penalties n Any judgments or tax liens n Prorated taxes of any unpaid property taxes n Any unpaid homeowner’s dues n Any bonds or assessments n Any and all delinquent property taxes

The Buyer generally pays for:

n Title Insurance premiums n Escrow fee from the Title Company n Document preparation n Notary fees n Recording charges for all documents in Buyer’s name n Any loan fees required by Buyer’s Lender n Inspection fees (pest inspection, property inspection, roofing, geological) n Tax pro-ration (from the date of acquisition) n All new loan charges n Interest on new loan from date of funding to 30 days prior to first payment date n Assumption/change of records fees for takeover of existing loan n Fire and hazard insurance premium for 1st year