Who Pays for What?
Title Search is proud to be an informational source to all of our clients in anyway we can be.
Typical Seller Costs
- Loan payoff
- Real estate commissions
- Owner’s title policy premium
- Current year real estate tax proration (per contract)
- Prior year’s outstanding property taxes
- Tax certificate
- Record release of existing lien
- Attorney document preparation fees
- 1/2 Escrow fees
- Guaranty fees
- Homeowners association fees
- Any other costs specidifed in the contact
Typical Buyer Costs
- Loan title policy and endorsements
- Record warranty deed
- Record deed of trust
- Guaranty fee
- Homeowners association fees
- Inspection cost
- 1/2 Escrow fees
- Any other costs specified in the contract
Typical Lender Fees - Paid by Borrower
- Loan origination and/or discount fee
- Hazard insurance and tax escrow
- Credit report
- Lender document premium
- Appraisal fees
- Flood certification
- Tax service fee
- Miscellaneous loan fees
Item Negotiated Under Contract
- Homeowners association transfer fee
- Terminate inspection
- Home warranty
- Survey
Experience the difference.
Our real estate law firm, headquartered in Andover, gives you unrivaled experience and knowledge.