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)