Page 19 - California Buyers & Sellers Guide

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Strength Expertise Service
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THE BUYER TYPICALLY
PAYS FOR:

ü Title insurance premium for the
lender’s policy
ü Title Insurance premium for
owner’s policy*
ü Escrow fee*
ü Document preparation (if applicable)
ü Recording charges for all documents
in buyer’s name
ü Tax proration from the closing date
ü All new loan charges (except those

required by lender for seller to pay)
Interest on new loan from date of
funding to 30 days prior to first
payment date
ü Assumption/change of records fees
for takeover of existing loan
ü Beneficiary statement fee for
assumption of existing loan
ü Inspection fees (termite, roofing,
property inspection, geological, etc.)
ü Fire insurance premium for first year
ü Mobile Notary fees, if any

ü Home Warranty (according to contract)

* Practice varies by county and will be detailed in PSA

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