THE SELLER can generally expect to pay for:
Owner's title insurance premiums
Realestate commission
Half of the escrow fee (except V.A.)*
Anyloan fees required by buyer’s lender (per contract)
Pay off all loans
Interest accrued to lender being paid off, statement fees, reconveyance fees, and any prepayment penalties
Termite inspection (according to contract)
Termite inspection (according to contract)
HOA transfer fee (according to contract)
Home Warranty (according to contract)
Any judgments, tax liens, etc. against the seller
Recording charges to clear all documents against the seller
Tax proration (for any taxes unpaid at time of transfer of title)
Any unpaid HOA dues
Any bonds or assessments (according to contract)
Any and all delinquent taxes
Any and all delinquent taxes
THE BUYER can generally expect to pay for:
Lender’s title insurance premiums
Half of escrow fee (except V.A.)*
Document preparation (if applicable)
Notary fees (if applicable)
Recording charges for all documents in buyer’s name
Recording charges for all documents in buyer’s name
HOA transfer fee (according to contract)
Termite inspection (according to contract)
All new loan charges (except those required by lender for seller to pay)
Interest on new loan from date of funding to 30 days prior to first payment due
Assumption/Change of Records fees for takeover of existing loan
Home Warranty (according to contract)
Fire insurance premium for first year
All pre-paids
This list is not necessarily all-inclusive and all the services for which payment
may be allowable or non-allowable may not be identified.
