The SELLER can generally expect to pay for:

• Owner's title insurance policy
• Real Estate commission
• Half of the escrow fee
• Any loan fees required by buyer's lender-per the contract
• Payoff of all existing loans in seller's name
• Termite treatment, if necessary
• Home warranty, (according to contract)
• Any judgments, tax liens, etc. against seller
• Recording fees to clear all documents of record against seller
• Tax pro-ration, for any unpaid taxes at time of title transfer
• Any Homeowner's Association fees due
• Homeowners Association transfer fee (negotiable in contract)
• Any repair items requested as per inspection and negotiated

The BUYER can generally expect to pay for:

• Lenders title policy
• Half of the escrow fee
• Document preparation, (lender fee)
• Recording charges for all documents in buyer's name
• Notary fees, if applicable
• Termite Inspection
• Homeowner's Association transfer fee (negotiable in contract)
• All new loan charges, other than those required by lender for seller to pay
• Interest on new loan from date of funding to 30 days prior to first payment date
• Home warranty (according to contract)
• Fire Insurance Premium for first year
• Home Inspection
• Any other costs as per the purchase contract

Mandatory Costs:

FHA regulations require the Buyer to pay for the following items: Reserves (impounds) for property taxes and hazard insurance, plus adjusted interest. Both FHA and VA require that the Seller must pay for the following fees, if applicable: flood certification, recording to clear title, doc prep and tax service. In addition, VA requires the Seller to pay for all escrow fees.