The table below shows the typical fees paid by a buyer and seller in a real estate transaction. If you have further questions, please don’t hesitate to contact me for more information.

 

 Seller is responsible for... Buyer is responsible for...
Owner's title insurance policy* Lender's title insurance policy*
1/2 escrow fee* 1/2 escrow fee*
Excise tax* Recording fee
Real estate commissions* Surveys
Utility payoffs 1st year fire insurance
Loan balances 1st year flood insurance (if applicable)
Doc prep fees - power of attorney, etc. Doc prep fees - quit claim deed, etc.
Misc. fees (wire, courier, signing fees) Misc. fees (wire, courier, signing fees)
Pro-rated property taxes Pro-rated property taxes
Home warranty (depends on contract) Home warranty (depends on contract)
Homeowner's association fees: Homeowner's association fees:
     Pro-rated association dues      Pro-rated association dues
     Resale certificate / misc fees      Transfer fee / capital contribution
FHA/VA financing, other fees may apply Property inspection
 Recording Fee Pest inspection
Lender fees