Who Pays What

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The SELLER can generally be expected to pay for:

Real Estate commission
Document preparation fee for Deed
Documentary transfer tax
Any city Transfer/Conveyance Tax (according to contract)
Payoff of all loans in seller’s name
Interest accrued to lender being paid off,  Reconveyance Fees and any Prepayment Fees
Termite Inspection (according to contract)
Repairs resulting from inspections (according to contract)
Home Warranty (according to contract)
Any judgments, tax liens, etc., against seller
Tax proration (for any taxes unpaid at time of transfer of title)
Any unpaid Homeowners’ Dues
Recording charges to clear after documents of record against seller
Any bonds or assessments (according to contract)
Any and all delinquent taxes
Notary Fees
Escrow Fee (or one half – according to contract)
Title Insurance Premium for Owner’s Policy


The BUYER can generally be expected to pay for:

Title Insurance Premium for Lender’s Policy
Escrow Fee (or one half – according to contract)
Document preparation (if applicable)
Notary Fees
Recording charges for all documents in buyers names
Termite Inspection (according to contract)
Tax proration (from date of acquisition)
Homeowners’ 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
Pro- rated property taxes
Inspection Fees (roofing, property inspection, geological, and in rural areas; septic tank and well inspections)
Home Warranty (according to contract)
City Transfer/Conveyance Tax (according to contract)
Fire Insurance Premium for first year