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The SELLER can generally be expected to pay:
• Real Estate Commission
• Document preparation fee for deed
• Documentary transfer tax, if any
• Payoff of all loans in Seller’s name
• Interest accrued to lender being paid off
• Statement fees, reconveyance fees and any
prepayment penalties
• Termite inspection (or according to contract)
• Termite work (or according to contract)
• Home warranty (or 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 document of record
against Seller
• Any bonds or assessments (or according to contract)
• Any and all delinquent taxes
• Seller Notary fees
• Escrow fee (one half)
• Title insurance premium for Owners’s policy
• Homeowner’s transfer fee
• City transfer/conveyance tax (or according to contract)

The BUYER can generally be expected to pay:
• Title insurance premium for Lender’s policy
• Escrow fee (one half)
• Document preparation (if applicable)
• Buyer Notary fees
• Recording charges for all documents in Buyer’s
• Tax proration (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.)
• Fire insurance premium for first year

The Personal vs. Real Property
The distinction between personal property
and real property can be the source of
difficulties in a real estate transaction. A
purchase contract is normally written to
include all real property, that is, all aspects
of the property that are fastened down or
an integral part of the structure. For
example, this would include light fixtures,
drapery rods, attached mirrors, trees and
shrubs in the ground. It would not include
potted plants, free-standing refrigerators,
washer/dryers, microwaves, bookcases,
swag lamps, etc.
If there is any uncertainty whether an item
is included in the sale or not, it is best to
be sure that the particular item is mentioned
in the purchase agreement as being
included or excluded.

I also recommend having your agent prepare a net sheet showing all costs prior to accepting an offer.

Steve Hirschler
CELL 909 725-5889