WHO PAYS WHAT?
The Seller
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Real Estate Commission
The Buyer
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Document prepara on fee for Deed
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Title Insurance Premium for lender’s Policy
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Documentary transfer tax ($1.10 per $1,000 of sales price)
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Escrow Fee (one half) Document prepara on (if applicable)
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Any city Transfer/conveyance Tax (according to contract)
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Notary fees
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Payoff of all loans in the seller’s name (or exis ng loan balance if being assumed by Buyer)
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Recording charges for all documents in Buyers name
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Termite Inspec on (according to contract)
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Interest accrued to lender being paid off
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Tax prora on (from date of acquisi on)
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Statement Fees, Reconconveyance Fees, and any prepayment Penal es
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Homeowners transfer fee
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Termite Inspec on (according to contract)
All new loan charges (except those required by lender for Seller to pay
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Home Warranty (according to contract)
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Any judgments, tax liens, etc. against the Seller
Interest on new loan from date of funding to 30 days prior too first payment date
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Tax prora on (for any taxes unpaid at me of transfer of tle)
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Assump on/Change of Record fees for takeover of exis ng loan if applicable
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Any unpaid Homeowners Associa on dues
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Inspec on Fees (roofing, property inspec on, geological)
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Recording charges to clear documents of record against Seller
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Home Warranty (according to contract)
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Any bonds or assessments (according to contract)
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City Transfer/Conveyance Tax (according to contract)
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Any and all delinquent taxes
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Fire Insurance Premium for first year
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Notary Fees
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Escrow Fee (one half)
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Title Insurance Premium of Owner’s Policy
Personal Property vs Real Property The dis nc on between personal property and real property can be the source of difficul es in a real estate transac on. A purchase contract is normally wriIen to include all real property; that is, all aspects of the property that are fastened down or which are an integral part of the structure. For example, this would include light fixtures, drapery rods, aIached mirrors, trees and shrubs in the ground. It would not include poIed plants, free-standing refrigera on, washer/dryer, microwave, bookcases, lamps, etc. If there is any uncertainty whether an item is included in the sale or not, it is best to be sure that the par cular item is men oned in the purchase agreement as being included or excluded.
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