Page 15 - Santa Clara eGuide
P. 15
Strength | Expertise | Service
165 Years in Business
Who Pays What in Santa Clara County - A Guide to Closing Costs
The SELLER can generally be expected to pay for: The BUYER can generally be expected to pay for:
• Real Estate commission • Title insurance premium for Lender’s policy
• Escrow Fee
• Owner’s Title Insurance Premium • Document preparation fee (if required)
• 5T0h%eoSfEaLnLyEcRitcyatnragnesfneer/rcaolnlyvebyeaenxcepetacxteadcctoordpinayg for: T• heNoBtUarYyEfReecsan generally be expected to pay for:
to contract • 50% of any city transfer/conveyance tax according
• D• ocRuemaleEnstatarytetrcaonsmfemr tiasxsi(o$n1.10 per $1000 of sale price)
• D• ocDuomcuemntepnrteaptaiorantpiornepfeaeration fee for deed • Ttoitlceoinntsraucrtance premium for Lender’s policy
••••• DERseocccroourwmdienfengetcphraerpgaersaftoior nall(idf oacpupmliceanbtslein) Buyer’s name
• S•taDteomceunmt efenetsa,rryectroannvsefyearntacxe,fiefeasnaynd any NCooutanrtyyfpereesliminary change of ownership fee (P.C.O.R.)
p•reApnaymcietnyttpraennsafletrie/csonveyance tax (according to
• Termcointetriancspt)ection (according to contract) • RTaexcoprrdoirnagtiocnha(frrgoems fdoartealol fdaoccquumiseitniotns )in Buyer’s
• W• oPrka/yroeffpaoirfsarlel qlouainresdin(aScceollredri’sngnatomceontract) nTTLAeaaelxlrnmmndpeeeirtworerfloaiontrasiSonpenecllch(eftarriorotgomneps(daa(caeyct)xeocerodpfitnatcghqotuosiesciroteinoqtnura)ircetd) by
• H• omInetewreasrtraanctcyru(aecdcotordlienngdteorcboenitnragcpt)aid off •• AInlltenreewst loonannecwhalorgaensfr(oemxcedpattethoof sfuenrdeiqnugirteod3b0ydays
• trTRAAANA••••••••eraennnnaocxcnyyyytotpTARTTHASoaprseeartajbuernnaorrfudarexrrnedycnonoyymmmdtpordaippnersfngujaeagorefuiimdaragttedmnyteoafideesliwdrmispleoitrcnegnoiawidonhanathnngesmrtlefriateootsit(ndaroltcrsfpf)emiarSsiotgen,hnkthnneestrepleqeaeeoalct(t(salseouarsfsyxe)tm,ong,stnicwerrol(omtyrecinaeeaaennosacltcotcexnetanlrcot(twinesrdxealoaoyn’i,atseecsinxsrenvrctsceddneta(elgaoscueauisrxyln.’r,clanest,eadgecodraspsdnoitgoanatccuucrocaliog.delnde,uinndicasptnfmaoetosgoagtrtneeacaictdttsntuiicohonmrtamtaaenss)cnetcttSeootdrttoen)anfihmflacttlersentea)rSoycoeft)fller •••
• Lender for Seller to pay)
• •• dIAoAnasfstsyseeuusxremmipsstrpptiinottoigiroontnlnoon//acecfnihwhrasatnlnopggaeaenyoomffrforeermnecctododrdaradtstesefeofeefsefsufofnrodtraintkagekoetvooev3re0r
• oBefexiensxetiifnsitcgiinalogryalnostaantement fee for assumption of
• ••
• •
• • existing loan
• Ignesopleocgtiicoanl, feetec.s) (roofing, property inspection,
• Homreecowrdnaegr’asianssstoSceiallteiorn statement fee and prorata •• gHHeooommloeegWWicaaarrlr,raaenntctty.y)((aaccccoorrddininggtotococonntrtarcatc)t)
d•ueAsn(tyobdoantedsofoarcaqsuseissitsimone)nts (according to
• Speccoianltdraeclitv)ery/courier fees, if required • Fire insurance premium for first year
• • Any and all delinquent taxes •• TTietrlemiintesuinrsapneccetipornem(aciucomrdfionrgOtowcnoenr’tsrapcot)licy
• Mltt•••eaoanxcctHCNdltloieieeooetnarrymtnsrtafstrootre,rahyrafjocuesnrfwtdeeem)sclgnefleoes(mesrrrrt/det’acsontaotetgprnsmaaa,vnieyeenstnyscfaett.)nrtfaehcfneeeesdep,tiarrneoxtcpe(oaernecrtvscyteooayrnadf nsdinecfgleele/ettrosr(urlosetaqenuesir,feedes,
• Special delivery/courier fees, if required
• Other prorations (rents, insurance, etc.), if required
and prepayment penalties)
YOURS or THEIRS - The Personal vs. Real Property Dilemma
The distinction between personal property and real property can be the source of difficulties in real estate transaction. A
purchase contract is normally written to include all real property, that is, all aspects of the property that are fastened down or
an integral part of the structure. For example, this would include light fixtures, drapery rods, attached mirrors, trees and
shrubs in the ground. It would not include potted plants, free-standing refrigerators, washer/dryers, microwaves, bookcases,
swag lamps, etc. If there is any uncertainty whether an item is included in the sale or not, it is best to be sure that the particular
item is mentioned in the purchase agreement as being included or excluded.
All fees charged are governed by the terms of the sales contract and written escrow instructions from Buyer and Seller.
This information is proudly brought to you by:
CHICAGO ©CCooppyyrriigghhtt 22001123 CChhiiccaaggooTTiittllee CCoommppaannyy.. AAllll RRiigghhttss RReesseerrvveedd..
LIBRARY
165 Years in Business
Who Pays What in Santa Clara County - A Guide to Closing Costs
The SELLER can generally be expected to pay for: The BUYER can generally be expected to pay for:
• Real Estate commission • Title insurance premium for Lender’s policy
• Escrow Fee
• Owner’s Title Insurance Premium • Document preparation fee (if required)
• 5T0h%eoSfEaLnLyEcRitcyatnragnesfneer/rcaolnlyvebyeaenxcepetacxteadcctoordpinayg for: T• heNoBtUarYyEfReecsan generally be expected to pay for:
to contract • 50% of any city transfer/conveyance tax according
• D• ocRuemaleEnstatarytetrcaonsmfemr tiasxsi(o$n1.10 per $1000 of sale price)
• D• ocDuomcuemntepnrteaptaiorantpiornepfeaeration fee for deed • Ttoitlceoinntsraucrtance premium for Lender’s policy
••••• DERseocccroourwmdienfengetcphraerpgaersaftoior nall(idf oacpupmliceanbtslein) Buyer’s name
• S•taDteomceunmt efenetsa,rryectroannvsefyearntacxe,fiefeasnaynd any NCooutanrtyyfpereesliminary change of ownership fee (P.C.O.R.)
p•reApnaymcietnyttpraennsafletrie/csonveyance tax (according to
• Termcointetriancspt)ection (according to contract) • RTaexcoprrdoirnagtiocnha(frrgoems fdoartealol fdaoccquumiseitniotns )in Buyer’s
• W• oPrka/yroeffpaoirfsarlel qlouainresdin(aScceollredri’sngnatomceontract) nTTLAeaaelxlrnmmndpeeeirtworerfloaiontrasiSonpenecllch(eftarriorotgomneps(daa(caeyct)xeocerodpfitnatcghqotuosiesciroteinoqtnura)ircetd) by
• H• omInetewreasrtraanctcyru(aecdcotordlienngdteorcboenitnragcpt)aid off •• AInlltenreewst loonannecwhalorgaensfr(oemxcedpattethoof sfuenrdeiqnugirteod3b0ydays
• trTRAAANA••••••••eraennnnaocxcnyyyytotpTARTTHASoaprseeartajbuernnaorrfudarexrrnedycnonoyymmmdtpordaippnersfngujaeagorefuiimdaragttedmnyteoafideesliwdrmispleoitrcnegnoiawidonhanathnngesmrtlefriateootsit(ndaroltcrsfpf)emiarSsiotgen,hnkthnneestrepleqeaeeoalct(t(salseouarsfsyxe)tm,ong,stnicwerrol(omtyrecinaeeaaennosacltcotcexnetanlrcot(twinesrdxealoaoyn’i,atseecsinxsrenvrctsceddneta(elgaoscueauisrxyln.’r,clanest,eadgecodraspsdnoitgoanatccuucrocaliog.delnde,uinndicasptnfmaoetosgoagtrtneeacaictdttsntuiicohonmrtamtaaenss)cnetcttSeootdrttoen)anfihmflacttlersentea)rSoycoeft)fller •••
• Lender for Seller to pay)
• •• dIAoAnasfstsyseeuusxremmipsstrpptiinottoigiroontnlnoon//acecfnihwhrasatnlnopggaeaenyoomffrforeermnecctododrdaradtstesefeofeefsefsufofnrodtraintkagekoetvooev3re0r
• oBefexiensxetiifnsitcgiinalogryalnostaantement fee for assumption of
• ••
• •
• • existing loan
• Ignesopleocgtiicoanl, feetec.s) (roofing, property inspection,
• Homreecowrdnaegr’asianssstoSceiallteiorn statement fee and prorata •• gHHeooommloeegWWicaaarrlr,raaenntctty.y)((aaccccoorrddininggtotococonntrtarcatc)t)
d•ueAsn(tyobdoantedsofoarcaqsuseissitsimone)nts (according to
• Speccoianltdraeclitv)ery/courier fees, if required • Fire insurance premium for first year
• • Any and all delinquent taxes •• TTietrlemiintesuinrsapneccetipornem(aciucomrdfionrgOtowcnoenr’tsrapcot)licy
• Mltt•••eaoanxcctHCNdltloieieeooetnarrymtnsrtafstrootre,rahyrafjocuesnrfwtdeeem)sclgnefleoes(mesrrrrt/det’acsontaotetgprnsmaaa,vnieyeenstnyscfaett.)nrtfaehcfneeeesdep,tiarrneoxtcpe(oaernecrtvscyteooayrnadf nsdinecfgleele/ettrosr(urlosetaqenuesir,feedes,
• Special delivery/courier fees, if required
• Other prorations (rents, insurance, etc.), if required
and prepayment penalties)
YOURS or THEIRS - The Personal vs. Real Property Dilemma
The distinction between personal property and real property can be the source of difficulties in real estate transaction. A
purchase contract is normally written to include all real property, that is, all aspects of the property that are fastened down or
an integral part of the structure. For example, this would include light fixtures, drapery rods, attached mirrors, trees and
shrubs in the ground. It would not include potted plants, free-standing refrigerators, washer/dryers, microwaves, bookcases,
swag lamps, etc. If there is any uncertainty whether an item is included in the sale or not, it is best to be sure that the particular
item is mentioned in the purchase agreement as being included or excluded.
All fees charged are governed by the terms of the sales contract and written escrow instructions from Buyer and Seller.
This information is proudly brought to you by:
CHICAGO ©CCooppyyrriigghhtt 22001123 CChhiiccaaggooTTiittllee CCoommppaannyy.. AAllll RRiigghhttss RReesseerrvveedd..
LIBRARY
