Real Estate Purchase: Who Pays for What?

The Seller Generally Pays For: 

• Real estate commission

• Document prep fee for Deed

• Transfer tax

• Notary fees

• Homeowner’s transfer fee

• Interest accrued to Lender being paid off, statement fees, reconveyance fees and any payment penalties

• Any judgments or tax liens

• Tax pro-ration for any unpaid property taxes

• Any unpaid Homeowner’s dues (if the sale is of a condominium)

• Any bonds or assessments

• Any and all delinquent property taxes


The Buyer Generally Pays For:


• Title insurance premiums

• Escrow fee

• Document preparation

• Recording charges for all documents in Buyer’s name

• Any loan fees required by Buyer’s lender

• Termite inspection

• Tax pro-ration (from date of acquisition)

• All new loan charges

• Interest on new loan from date of funding to thirty days prior to first payment date

• Assumption/change of records fees for takeover of existing loan

• Inspection fees (roofing, property inspection, geological, etc)

• Fire insurance premium for First 

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