Page 18 - CTT Title & Escrow Guide for Buyers & Sellers - Montana

FEES: WHO PAYS

FOR WHAT IN MONTANA?

Closing costs may be confusing. Let’s
break it down by buyer and seller cost.

THE SELLER TYPICALLY
PAYS FOR:

ظ Title Insurance premium for
owner’s policy
ظ Real estate commission
ظ Real Estate excise tax, if any
ظ Any city transfer/conveyance tax
ظ Document preparation (if applicable)
ظ Documentary transfer tax, if any
ظ Payoff of all loans in seller’s name
ظ Interest accrued to lender being paid off
ظ Statement fees, reconveyance fees
and any prepayment penalties
ظ Any judgments, tax liens, etc. against
the seller
ظ Tax proration
ظ Any unpaid homeowner’s dues
ظ Recording charges to clear all
documents of record against seller
ظ Any bonds or assessments
ظ Any and all delinquent taxes
ظ Mobile Notary fees, if any
ظ Homeowner’s transfer fees

This article is not intended to be an all inclusive list of fees and charges on every transaction, but rather a guide to
the major costs of Buying or Selling real estate property. We would be happy to review and explain your closing
costs prior to finalize the transactions.

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