One very common question of real estate transactions is, "Who pays for
what on a real estate transaction". Below is a list to give you an idea of
some of the common expectations, but this list will vary from region to region.
Also, if it's a buyer's or seller's market could possibly change the common fee
responsibility.
 | Real Estate Commission -or- Brkoer Fees |
 | Document preparation fee for Deed
|
 | Documentary transfer tax
|
 | Any city Transfer/Conveyance Tax (according to contract)
|
 | Any 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, re-conveyance
Fees and any 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 pro-ration (for any taxes unpaid at time of transfer of title)
|
 | Any unpaid Homeowner's dues
|
 | Title Insurance Premium
|
 | Recording charges to clear all documents of record against seller
|
 | Any bonds or assessments (according to contract)
|
 | Any and all delinquent taxes
|
 | Notary Fees
|
 | Escrow Fee |
 | Title Insurance Premium
|
 | Escrow Fee
|
 | Notary Fee
|
 | Document preparation (if applicable)
|
 | Recording charges for all documents in buyer's name
|
 | Termite Inspection (according to contract)
|
 | Tax proration (from date of acquisition)
|
 | Homeowner's transfer fee
|
 | All new loan charges (except those required by the lender for seller to
pay)
|
 | Interest on new loan from date of funding to 30 days prior to first
payment date
|
 | Assumption/Change of Records fees for takeover of existing loan
|
 | Beneficiary Statement Fee for assumption of existing loan
|
 | Inspection Fees (roofing, property inspection, geological, etc.)
|
 | Home warranty (according to contract)
|
 | City transfer/Conveyance Tax (according to contract)
|
 | Fire insurance Premium for first year
|