Who pays for what?
The Seller generally pays for...
- Real Estate Commission
- Escrow Fees (50%)
- Document Preparation Fee
- Zone Disclosure Report
- Payoff of All Loans in Seller's Name
- Interest Accrued to Lender Being Paid Off
- Termite Inspection (according to contract)
- Home Warranty (according to contract)
- Any Judgements, Tax Liens, etc. Against the Seller
- Tax Proration
- Any Unpaid Homeowner's Dues
- Any Bonds or Assessments (Check Contract)
- Any & All Delinquent Taxes
- Homeowner's Title Insurance Policy Premium
- Homeowner's Association Transfer Fee - Doc Fees
- Documentary Transfer Tax ($1.10 per $1000 of Sale)
- Any Loan Fees Required by Buyer's Lender
(Government Loans) - Recording Charges to Clear all Documents of Record
Against Seller
The Buyers generally pays for...
- Title Insurance Premium for Lender's Policy
- Escrow Fee (50%)
- Document Preparation (if applicable)
- Recording Charges for all Documents in Buyer's Name
- Termite (according to contract)
- All New Loan Charges (except those paid by seller) -
Government Loans - Interest on New Loan from Date of Funding to 30
Days Prior to First Payment Date - Assumption/Change of Records Fee for Take-over
of Existing Loan - Inspection Fees (proper inspection, roofing,
geological, etc.) - Fire Insurance Premium (1st year)
- Next Month's HOA Fee(s)
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