Items 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 perpayment 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 Owner’s policy
- Homeowner’s transfer fee
- City transfer/conveyance tax (or according to contract)