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The SELLER can generally be expected to pay for:
- Real Estate Commission
- Document preparation fee for deed
- Documentary transfer tax ($1.10 p/ $1000.00 of sales price)
- Any city Transfer/Conveyance Tax (recording Tax)
- Any loan fees required by buyers 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
- Reconveyance Fees and any Prepayment Penalties.
- Termite Inspection - according to contract
(can be paid by either buyer or seller)
- 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 time of title transfer)
- Any unpaid home owners dues (can be paid by either buyer or seller)
- Recording charges to clear all documents of record against seller
- Any bonds or assessments (according to contract)
- Notary fees, title & escrow fees, and Title Ins. Premium
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The BUYER can generally be expected to pay for:
- Title insurance premium
- Interest on new loan (from date of funding to 30 days prior to first payment due)
- Assumption/Change of Records fee for takeover of existing loan
- Recording charges for all documents in buyers name
- Termite Inspection - according to contract (can be paid by either buyer or seller)
- Tax Proration (from date of acquisition)
- Beneficiary Statement Fee for assumption of existing loan
- All new loan charges (except those required
by lender for seller to pay)
- Escrow Fee
- Notary Fees
- Homeowner's Transfer Fee
- Any unpaid Homeowners dues can be paid by either buyer or seller
- 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
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Featured Property Listing
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wow! -
$229,900
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This 1 level detached home built in 1964 has 2 bedroom(s), 1.5 bath(s)
, 2 car detached garage and approximately 900 square feet of living
area. Rooms include formal dining room. Features include private pool,
private spa, air conditioning.
... Read more...
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