| THE SELLER CAN GENERALLY EXPECT
TO PAY FOR:
- real estate commission
- owners title insurance policy
- of the sub-escrow fee
- of the escrow fee
- regulatory compliance fee
- document preparation fee for the deed
- documentary transfer tax ($1.10 per $1000 of valuation)
- city transfer or conveyance tax
- loan fees required by buyers lender (FHA/VA)
- payoff all loans in sellers name
- interest accrued to lender being paid off, statement fees, reconveyance fees, and prepayment penalties
- termite inspection (according to contract)
- termite work (according to contract)
- any judgments, tax liens, etc., against the seller
- tax proration (for any taxes unpaid at the closing)
- Homeowners Association transfer fee
- any unpaid homeowners dues
- recorded charges to clear all documents of record against the seller
- any bonds or assessments (according to contract)
- any and all delinquent taxes
- home warranty (according to contract)
- notary fees for the deed
- tax withholding for capital gains if required
|
THE BUYER CAN GENERALLY EXPECT
TO PAY FOR:
- lender title insurance policy
- of the sub-escrow fee
- of the escrow fee
- regulatory compliance fee
- document preparation fee (if applicable)
- notary fees for loan documents
- recording charges for all documents in buyers name
- tax pro-ration (for any taxes unpaid at the closing)
- homeowners transfer fee
- all new loan charges (except those required by FHA/VA for their loans)
- interest on new loan from date of funding to 30 days prior to first payment date
- assumption or change of records fees on existing loan when loan is assumed
- beneficiary statement for assumption of existing loan
- inspection fees (property, roofing, geological, pool, etc.)
- home warranty (according to contract)
- city transfer tax (according to contract)
- fire insurance premium for first year
|