WHO PAYS FOR WHAT...

A GUIDE TO CLOSING COSTS

The SELLER is generally responsible for paying:

• Standard CLTA Owner's Title Insurance
• Real Estate Commission
• Document Preparation Fee for Deed
• Documentary Transfer Tax ($1.10 per $1,000.00 of sale price)
• Any City  Transfer/Conveyance Tax (per sales Contract)
• Any FHA or VA Loan Fees required by Buyer's Lender
• Payment in Full 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 (per sales contract)
• Termite Work (per sales contract)
• Home Warranty (per sales contract)
• Any Judgment, Tax Liens, etc. against the Seller
• Recording Charges clearing all documents of record against the Seller
• Tax Proration (for any taxes unpaid at time of Transfer of Title)
• Any unpaid Homeowner's Dues
• Any Bonds or Assessments (per sales contract)
• Any and all Delinquent Taxes
• Notary Fees
• Escrow Fee (50%)
• Seller's portion of Sub-Escrow Fee
• Demand Fees

The BUYER is generally responsible for paying:

• Title Insurance Premiums (according to policy)
• Document Preparation (if applicable)
• Recording Charges for all documents in Buyer's name(s)
• City Transfer/Conveyance Tax (per sales contract)
• All New Loan Charges (except those required by lender for seller to pay)
• Beneficiary Statement Fee (for buyer takeover of existing loan)
• Assumption/Change of Record Fees (for buyer takeover of existing loan)
• Termite Inspection (per sales contract)
• Other Inspection Fees (roofing, property inspection, geological, etc.)
• Homeowner's Transfer Fee
• Home Warranty (per sales contract)
• Recording Charges to clear all documents of record against the Buyer
• Tax Proration (for date of acquisition)
• Notary Fees
• Fire Insurance Premium (for first year)
• Escrow Fee (50%)
• Buyer's Portion of Sub-Escrow Fee
• Escrow Loan Tie-In Fee

NOTE: This list serves only as a guide and may be subject to change thru negotiation