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)
• Documenrary 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 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 judgements, 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 seller
• Any bonds or assessments (according to contract)
• Any and all delinquent taxes
• Natural Hazard Report
• 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 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 new loan
• Inspection fees (roofing, property, geological, etc.)
• Home warranty (according to contract)
• City transfer tax (according to contract)
• Fire insurance premium for first year
• Next month HOA dues
• Messenger fees