Who Pays For What in a Transaction?
The Seller Will Generally Be
Expected To Pay For:
1. Real Estate commissions
§2. Title and Escrow fees
§3. Document preparation fee for Deed
§4. Document recording charges that affect the seller
§5. County Transfer Tax ($1.10 per $1,000 of sales price in San Diego) This varies with county and city
§6. Any loan fees required by buyer's lender
§7. Notary fees – seller’s documents
§8. Termite inspection and repairs according to contract
§9. Any city transfer/reconveyance tax
§10. Special delivery/courier fees
§11. Payoff of all loans in seller's name
§12. Interest accrued to old lender, statement fees, reconveyance fees and any prepayment penalties
§13. Homeowner's Association transfer fee and prorate dues (negotiable)
§14. Bonds of assessments according to contract
§15. Home warranty according to the contract
§16. All delinquent taxes
§17. Any judgments, tax liens, etc. against the seller
§18. Tax proration
§19. Recording charges to clear all documents of record against seller
The Buyer Will Generally Be Expected To Pay For:
§1. Title insurance premium covering loan policy (ALTA)
§2. Notary fees – buyer’s documents
§3. Document preparation fees – buyer’s documents
§4. Tax proration
§5. Inspection fees (roofing, geological, property, etc.)
§6. Homeowner's transfer fees
§7. Special delivery/courier fees
§8. All new loan charges (except those required by the lender for the seller to pay)
§9. Interest on new loan from date of funding to 30 days prior to first payment date
§10. Fire insurance premium for the first year
§11. City transfer/reconveyance tax according to the contract
§12. Preliminary change of ownership fee
§13. Assumption/Change of records fees for takeover of existing loan
§14. Beneficiary statement fee for assumption of existing loan
§15. Other prorations where applicable
