Who Pays What?

The SELLER can generally be
expected to pay for:

The BUYER can generally be
expected to pay for:

• Documentation preparation fee for deed.
  
• Documentary transfer tax, if any
  
• Any city transfer/conveyance tax (according to contract)
  
• Homeowner's transfer fee
  
• Payoff of all loans in Seller's name
  
• Interest accrued to lender being paid off
  
• Statement fees, re-conveyance fees and any prepayment penalties
  
• Termite inspection (according to contract)
  
• Termite work (according to contract)
  
• Home warranty (according to contract)
  
• Any judgments, tax liens, etc., against the Seller
  
• Tax proration (for any taxes unpaid at time of transfer of title)
  
• Any unpaid homeowner's dues
  
• Recording charges to clear documents of record against Seller
  
• Any bonds or assessments (according to contract)
  
• Any and all delinquent taxes
  
• Notary fees
  
• Escrow fee
  
• Title insurance premium for Owner's policy
  
• Real Estate commission
  
• Natural Hazard Disclosure

• Title insurance premium for Lender's policy
  
• Escrow fee
  
• Document preparation (if applicable)
  
• Notary fees
  
• Recording charges for all documents in Buyer's name
  
• Termite inspection (according to contract)
  
• Termite work (according to contract)
  
• Tax proration (from date of acquisition)
  
• 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 date
  
• Assumption/change of records fees for takeover of existing loan
  
• Beneficiary statement fee for assumption of existing loan
  
• Inspection fees (roofing, property inspection, geological, etc.)
  
• Home Warranty (according to contract)
  
• City transfer conveyance tax (according to contract)
  
• Fire insurance premium for first year
  
• "Impounds" for property taxes (depending on lender)