Page 16 - King Title & Escrow Guide

FEES: WHO PAYS

FOR WHAT?

C l o s i n g c o s t s m a y b e c o n f u s i n g . L e t ' s
b r e a k i t d o w n b y b u y e r a n d s e l l e r c o s t .

THE SELLER PAYS
FOR:

Real estate commission
Preparation fee for documents

other than the Warranty Deed
1 / 2 full Escrow Fee
Excise Tax Payoff of all loans in
seller ' s name
Interest accrued to lender being
paid off
Statement fees , reconveyance fees
and any prepayment penalties
Property tax proration
Any judgments , tax liens , etc .
against the seller

Any unpaid homeowner ' s dues
Recording charges to clear all
documents of record against seller
Any bonds or assessments
Any and all delinquent taxes
Mobile notary fees , if any
Homeowner ' s Association transfer
fees
Title insurance premium for
owner ' s policy

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