Who Is Expected To Pay Which Closing Costs?
The SELLER Can Generally Be Expected To Pay For: Title insurance premium covering loan policy (Buyer) Escrow Fees (1/2) Real Estate Commission Document preparation fee for deed Document recording charges that effect the seller County Transfer Tax ($1.10 per $1,000 of sales price) This varies with county & city Any loan fees required by buyer’s lender (as per contract) Notary fees – Sellers Documents Any city transfer/conveyance tax Special delivery/courier feesPayoff of all loans in sellers name Interest accrued to old lender, Statement fees, Reconveyance fees and any prepayment penalties Homeowners’ association transfer fee and prorata dues (Negotiable) Bonds or assessments according to contract Termite inspection according to contract Termite work or repairs according to the contract Home warranty according to the contract All delinquent taxes Any judgment, tax liens, etc against the seller Recording charges to clear all documents of record against seller The BUYER Can Generally Be E
