The Seller can generally be expected to pay for:

 

• Standard CLTA owner’s title insurance

• Real estate commission

• Document preparation fee for deed

• Documentary transfer tax ($1.10 per $1,000.00 of sales price)

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

• Homeowner’s transfer fee

• Any FHA or VA 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 judgment, tax liens, etc. against the Seller

• Recording changes to clear all documents of record against Seller

• Tax pro-ration (for any taxes unpaid at time of transfer of title)

• Any unpaid Homeowner’s dues

• Any bonds or assessments (according to contract)

• Any and all delinquent taxes

• Notary fees

• Escrow fee

• Seller’s portion of sub-escrow fee

• Demand fees

 

 

The Buyer can generally be expected to pay for:

 

• Title insurance premiums (ALTA loan policy)

• Escrow fee

• Document preparations (if applicable)

• Notary fee

• Recording changes for all documents in Buyer’s name(s)

• Termite inspection (according to contract)

• Tax proration (for date of acquisition)

• All new loan charges (except those required by Lender for Seller to pay)

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

• Home warranty (according to contract)

• Fire insurance premium for the first year

• Buyer’s portion of sub-escrow fee

• Escrow loan tie-in fee