Who Pays What?

The BUYER can generally be expected to pay for:

• Title insurance premiums 

• Escrow fee 

• Document preparation (if applicable) 

• City transfer/conveyance tax (according to contract) 

• Notary fees 

• Recording charges for all documents in buyer's names 

• Tax proration (from date of acquisition) 

• Homeowner's transfer fee 

• All new loan charges (except those required by lender for seller to pay) 

• Interest on new loan from date of funding to 30 days prior to first payment date 

• Assumption/change of records fees for take over of existing loan 

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

• Home warranty (according to contract) 

• Closing costs usually total 3% - 5% of the purchase price, and are in addition to your down payment

The SELLER can generally be expected to pay for:

• Real estate commission 

• Document preparation fee for Deed 

• Documentary transfer tax ($1.10 per $1,000 of sales price) 

• Any city transfer/conveyance tax (according to contract)

• Payoff of all loans in seller's name (or existing loan balance if being assumed by buyer) 

• Termite inspection (according to contract)

• Termite work (according to contract) 

• Home warranty (according to contract) 

• Any judgments, tax liens, et., against seller 

• Recording charges to clear all documents of record against seller 

• Tax proration for any property taxes owned at time of transfer 

• Any unpaid Homeowner's dues 

• Any and all delinquent taxes 

• Notary fees 

• Any bonds or assessments (according to contract)

• Interest accrued to old lender, statement fees, reconveyance fees and any prepayment penalties

Prepare Yourself For The House Buying Process
Obtaining A Mortgage Loan Pre-Approval
Costs Associated With Home Buying
What To Expect When Viewing Homes
Escrow & Title Process
Inspections

Moving day!

Antonette Burroughs, Realtor^®  t  510-604-6255  t Antonette@AntonetteBurroughs.com