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The Seller can generally be expected to pay for: |
The Buyer can generally be expected to pay for: |
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- Document preparation fee for Deed
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- Document transfer tax ($1.10 per $1,000 of sales price)
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- Document preparation (if applicable)
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- Any city Transfer/Conveyance Tax (according to contract)
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- Any loan fees required by buyer's lender
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- Recording charges for all documents in buyer's name
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- Payoff of all loans in seller's name (or existing loan balance if being assumed by buyer)
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- Interest accrued to lender being paid off, Statement fees, Reconveyance fees and any Prepayment penalties
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- Tax proration (from date of acquisition)
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- Termite inspection (according to contract)
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- Termite corrective work (according to contract)
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- All new loan charges (except by those required by lender for seller to pay)
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- Home Warranty Plan (according to contract)
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- Interest on new loan from date of funding to 30 days prior to first payment date
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- Any judgements, tax liens, etc., against the seller
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- Assumption/change of records fees for take over of existing loan
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- Tax proration (for any taxes unpaid at time of transfer of title)
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- Beneficiary Statement fee for assumption of existing loan
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- Any unpaid Homeowner's Association dues
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- Inspection fees (roofing, property inspection, geological, etc.)
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- Recording charges to clear all documents of record against the 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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For Sellers
