The SELLER can generally
be expected to pay for:
- Real Estate Commission
- Document preparation fee for Deed
- ½ Escrow fee 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
- Recording charges to clear all documents of record against seller
- Tax pro-ration (for any taxes unpaid at time of transfer of title)
- Any unpaid homeowner's dues
- Any and all delinquent taxes
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The BUYER can generally
be expected to pay for:
- Title insurance premiums
- ½ Escrow fee
- Document preparation (if applicable)
- Recording charges for all documents in buyer's names
- Termite inspection (according to contract)
- Tax pro-ration (from date of acquisition)
- 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 takeover 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
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