Purchase – Sale – Refinance – Exchange Commercial – Short Sales
Customary Division of Fees Between Sellers & Buyers
The Seller Can Generally Be Expected To Pay For:
- Real estate commission
- Owners title insurance policy
- One-half of the sub-escrow fee
- Seller's escrow fee and processing fee
- Homeowner's transfer fee (according to contract)
- Documentary transfer tax
- City transfer or conveyance tax
- Loan fees required by buyer's lender (FHA/VA only)
- Document preparation fee for deed
- Payoff all loans in the seller's name
- Interest accrued to lender being paid off, statement fees, reconveyance fees, and prepayment penalties
- Termite inspection (according to contract)
- Termite work (according to contract)
- Home warranty (according to contract)
- Any judgments, tax liens, etc., against the seller
- Tax proration (for any taxes unpaid at the closing)
- Any unpaid homeowner's dues
- Recording charges to clear all documents of record against the seller
- Any bonds or assessments (according to contract)
- Natural Hazard Report
- Any and all delinquent taxes
- Messenger fees
Real estate commission
Owners title insurance policy
One-half of the sub-escrow fee
Seller’s escrow fee and processing fee
Homeowner’s transfer fee (according to contract)
Documentary transfer tax
City transfer or conveyance tax
Loan fees required by buyer’s lender (FHA/VA only)
Document preparation fee for deed
Payoff all loans in the seller’s name
Interest accrued to lender being paid off, statement fees, reconveyance fees, and prepayment penalties
Termite inspection (according to contract)
Termite work (according to contract)
Home warranty (according to contract)
Any judgments, tax liens, etc., against the seller
Tax proration (for any taxes unpaid at the closing)
Any unpaid homeowner’s dues
Recording charges to clear all documents of record against the seller
Any bonds or assessments (according to contract)
Natural Hazard Report
Any and all delinquent taxes
Messenger fees
The Buyer Can Generally Be Expected To Pay For:
- Lenders title insurance policy
- One-half of the sub-escrow fee
- Buyer's escrow fee and processing
- Document preparation (if applicable)
- Email Loan Document fee
- Notary fees (as applicable)
- Recording charges for all documents in the buyer's name
- Tax proration (for any taxes unpaid at the closing)
- Homeowner's transfer fee (according to contract)
- All new loan charges
- Interest on a new loan
- Inspection fees (roofing, property, geological, etc.)
- Home warranty (according to contract)
- City transfer tax (according to contract)
- Fire insurance premium for the first year
- Next month HOA dues
- Messenger fees
Lenders title insurance policy
One-half of the sub-escrow fee
Buyer’s escrow fee and processing
Document preparation (if applicable)
Email Loan Document fee
Notary fees (as applicable)
Recording charges for all documents in the buyer’s name
Tax proration (for any taxes unpaid at the closing)
Homeowner’s transfer fee (according to contract)
All new loan charges
Interest on a new loan
Inspection fees (roofing, property, geological, etc.)
Home warranty (according to contract)
City transfer tax (according to contract)
Fire insurance premium for the first year
Next month HOA dues
Messenger fees