Items the Seller can generally be expected to pay for:

•County documentary transfer tax (55 cents per $500 of consideration, exclusive of the value of any lien or encumbrances attaching to the property at time of sale)

•Applicable city transfer/conveyance tax (according to contract)

•Document preparation fee for deed

•Any loan fees required by buyer's lender

•Payoff of all loans in seller's name (or existing loan balance if being assumed by buyer)

•Interest accrued to lender being paid off. Statement fees, reconveyance 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 all documents of record against seller

•Any bonds or assessments (according to contract)

•Any and all delinquent taxes

•Notary fees

•Title insurance premium: Owner's policy

•Escrow fees

•Agents Brokerage Fees

The Buyer can generally be expected to pay for:

Document preparation (if applicable)

•Notary fees

•Recording charges for all documents in buyer's name

•Termite inspection (according to contract)

•Tax proration (from date of acquisition)

•Homeowner's transfer fee

•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 take-over of existing loan

•Beneficiary Statement fee for assumption of existing loan

•Inspection fees (roofing, property inspection, geological, etc.)

•Home Warranty (according to contract)

•Lender's Title policy

•Escrow fees

•Fire insurance premium for first year

Note: Although this is the traditional distribution of expenses associated with a sale, many items may be negotiated between the parties at the time of the offer, notwithstanding certain expenses required by the lender to be paid by seller.