Who Pays What???

The SELLER generally pays:

X Standard CLTA owner’s Title Insurance

X Real Estate Commission

X Document preparation fee for Deed

X Documentary transfer tax

X Homeowner’s Transfer Fee

X Any City Transfer / Conveyance tax (according to contract)

X Any FHA or VA loan fees required by Buyer’s Lender

X Payoff of all loans in Seller’s name (or existing loan balance if being assumed by Buyer)

X Interest accrued to Lender being paid off, Statement Fees, Reconveyance Fees and any Prepayment Penalties.

X Termite Inspection (according to contract)

X Termite Work (according to contract)

X Home Warranty (according to contract)

X Any judgment, tax liens, etc. against Seller.

X Tax pro-ration (for any taxes unpaid at time of transfer of title)

X Any unpaid Homeowner’s dues

X Any bonds or assessments (according to contract)

X Any and all delinquent taxes

X Notary Fees

X Escrow Fees

X Seller’s portion of Sub-Escrow Fee

X Demand Fees

X REALTY EXECUTIVE’S Document Compliance Fee of $350.00 (includes the $99.00 risk management coverage).

The BUYER generally pays:

X Title insurance premiums (ALTA Loan Policy)

X Escrow Fees

X Document preparation (if applicable)

X Notary Fees

X Recording changes for all documents in Buyer’s names

X Termite Inspection (according to contract)

X Tax pro-ration (for date of acquisition)

X All new loan charges (except those required by Lender for Seller to pay)

X Assumption/Change of Records Fees for takeover of existing loan

X Beneficiary Statement Fee for assumption of existing loan

X Inspection Fees (roofing, property inspection, geological, etc.)

X Home Warranty (according to contract)

X City Transfer/Conveyance Tax (according to contract)

X Fire Insurance Premium for first year

X Buyer’s portion of Sub-Escrow Fee

X REALTY EXECUTIVE’S Document Compliance Fee of $350.00 (includes the $99.00 risk management coverage).