Latest Articles
Brokerage, Consumer News, Residential Real Estate, Finance, Misc
November 26, 2018
Who Pays For What Is In The Real Estate Transaction?

Who Pays For What Is In The Real Estate Transaction
The Seller
Generally Pays:
- Real Estate Commission
- Escrow Fees (50%)
- Document Preparation Fee
- Documentary Transfer Tax ($1.10 per $1000 of sale)
Any loan Fees Required by Buyer’s Lender (Government Loans)
Pay Off Of All Loans in Seller’s Name • Interest Accrued to Lender Being Paid Off
Termite Inspection (According To Contract)
Home Warranty (According to Contract)
- Any Judgments, Tax Liens, etc. Against the Seller
- Tax Proration • Any Unpaid Homeowner’s Dues
Any Bonds or Assessments (Check Contract)
Any & All Delinquent Taxes • Homeowner’s Title Insurance Policy Premium
Homeowner’s Association Transfer Fee-Doc Fess
Zone Disclosure Report
The Buyer
Generally Pays:
Title Insurance Premium for Lender’s Policy
Escrow Fee (50%)
Document Preparation (if applicable)
Recording Charges for All Documents in Buyer’s Name
Termite (According to Contract) • ALL New Loan Charges ( Except Those Paid by seller-Government Loans)
Interest on New Loan From Date of Funding to 30 Days Prior to First Payment Date
Assumption/Change of Records Fee for
Take-Over of Existing Loan
Inspection Fees (Proper Inspection, Roofing, Geological, etc.)
- Fire Insurance Premium (1st Year)
- Next Months HOA Fee(s)

Share this post:

Written by
Saul Klein
Recent Posts
Next Videos
Related Post

Industry
Real Estate Business Models - Lesson Plan For The Future
March 6, 2019

Industry
Organized Real Estate - Understanding Infrastructure is Key
March 6, 2019

Industry
Zillow's New CEO and the Implications for Real Estate
February 22, 2019
