The Seller customarily pays:

Real Estate Commissions

Document preparation fee for Deed

Document transfer tax ($1.10 per thousand of the sales price)

City transfer tax (according to contract)

Notary fees

Payoff of all loans in seller's name (or payments due if being assumed by buyer)

Interest accrued to lender being paid off, statement fees, reconveyance fees and any prepayment penalties

Termite inspections and/or work (according to contract)

Home Warranty (according to contact)

Any judgments, tax liens, etc. against the seller

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

Recording charges to clear all documents of record against seller

Any unpaid Homeowner Dues

Any bonds or assessments (according to contract)

Any and all delinquent taxes

NOTE: On some FHA, VA or other government-backed loans, the seller would pay some loan fees that the buyer cannot pay due to lender requirements.

The Buyer customarily pays:

Title insurance premiums

Document preparation (if applicable)

Escrow fees

Notary fees

Recording fees for all documents in buyer's name

Termite inspections (according to contract)

Homeowners association transfer fee (according to contract)

All new loan charges (except those required by lender for seller to pay - see note)

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

Assumption/change of records fees for takeover of existing loan

Beneficiary statement fee for assumption of existing loan

Inspection fees (roofing, property inspections, geological, etc.)

Tax pro-ration (from date of acquisition)

Home Warranty (according to contract)

Fire insurance premium for the first year