Who Pays for What
 
Items the Seller can generally be expected to pay for:
 
Real Estate commission
Escrow and notary fees
County documentary transfer tax ($1.10 per $1,000 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 Grand 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 panalities
*  Termite inspection (according to contract)
*  Termite work (according to contract)
*  Home Warranty (according to contract)
*  Any judgements, 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 assessmnets (according to contract)
Any and all delinquent taxes
Title insurance premium: Owner's policy
*  Doc Fee - Transaction Coordinator
 
Items the Buyer can generally be expected to pay for:
 
*  Escrow and notary fees
*  Property appraisal
*  Document preparation (if applicable)
Recording charges for all documents in Buyer's name
*  Tax proration (from date of acquisition)
*  Homeowner's transfer fee
*  All new loan changes (expect 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...)
*  Home Warranty (according to contract)
*  Fire insurance premium for first year
Lender's title policy
*  Doc Fee - Transaction Coordinator
KathyJENKINS
Keller Williams Beach Cities
Bus: (310) 643-5267 | Fax: (310) 421-0423
Office: 1601 Pacific Coast Hwy Hermosa Beach CA 90254
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