CLOSING COSTS
These costs will be deducted from the amount you are set to receive post closing.
The seller can generally be expected to pay for:
Real estate commission
Owners title insurance policy
One half of the sub-escrow fee
Seller’s escrow fee and processing fee
Homeowner’s transfer fee-according to
contract
Documentary transfer tax
City transfer or conveyance tax
Loan fees required by buyer’s lender –
fha/vha
Document preparation fee for the deed
Payoff all loans in seller’s name
Interest accrued to lender being paid off,
statement fees, reconveyance fees and
prepayment penalties
Termite inspection – according to contract
Termite work – according to contract
Home warranty – according to contract
Any judgements, tax liens, etc. against
seller
Tax proration (for any taxes unpaid at
closing)
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
Natural hazard report
Messenger fees