These are the traditional distribution of expenses
associated with a purchase of real estate. However, many of these items
can be negotiated by both parties at the time of the offer, excluding some
expenses required by the lender to be paid specifically by seller.

WHO PAYS FOR WHAT?

Buyer Typically Pays For:
• Escrow fees
• Title insurance premium: Buyer’s Policy
• Document preparation (if applicable)
• Notary fees
• Recording charges for all documents in buyer’s name
• 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
• Beneficiary Statement fee for assumption of existing loan
• Inspection fees (roofing, property inspection, geological, etc.)
• Lender’s policy
• Fire insurance premium for first year

Seller Typically Pays For:
• Real estate commission
• Escrow fees
• County documentary transfer tax (55 cents per $500 of consideration,
exclusive of the value of any lien or encumbrances
attaching to the property at time of sale)
• Applicable city transfer/conveyance tax (according to contract)
• Document preparation fee for deed
• Any loan fees required by buyer’s lender
• Payoff 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 (according to contract)
• Termite work (according to contract)
• Home Warranty (according to contract)
• Any judgments, tax liens, etc., against the seller
• Tax proration (for any taxes unpaid at time of transfer of title)
• Any unpaid homeowner’s dues
• Recording charges to clear all documents of record against seller
• Any bonds or assessments (according to contract)
• Any and all delinquent taxes
• Notary fees - escrow fee
• Title insurance premium: Owner’s Policy