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Who pays for what in a California Real Estate Transaction?

By
Real Estate Agent with Pacific Sotheby's International Realty Cal BRE # 01256537

 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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