The Seller generally pays for:
- real estate commission
- document preparation fees for the deed
- documentary transfer taxes
- payoffs for all loans against the property
- judgements, liens, etc. against the seller
- recording charges to clear documents of record against the property
- prorated taxes
- any unpaid HOA dues
- any tax delinquencies
- notary fees incurred by seller
- bonds or assessments (as agreed in contract)
- home warranty (as agreed in contract)
The Buyer generally pays for:
- title insurance
- ALTA inspection fees
- escrow fees
- applicable document preparation fees
- recording charges for documents cast into buyer's name
- prorated taxes
- HOA transfer fees
- loan charges
- interest on new loan(s) from the date of funding to 30 days prior to date of first payment
- inspection fees (pest, home, roof, etc.)
- homeowners policy's first year
- notary fees incurred by buyer
- bonds or assessments (as agreed in contract)
- home warranty (as agreed in contract)
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