Who Pays What?
The Seller Pays For:
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Real Estate Commissions.
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Document preparation fee for deed.
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County Documentary transfer tax ($1.10 per $1,000 of purchase price).
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Los Angeles City transfer tax ($4.50 per $1,000 of purchase price).
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Payoff of all loans in seller's name (or existing loan balance if being assumed by buyer).
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Interest accrued to lender being paid off.
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Statement fees, re-conveyance fees, Compliance disclosure fee, prepayment penalties.
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Termite inspection (according to contract).
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Termite work (according to contract).
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Home Warranty (according to contract).
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Any judgments, tax liens, etc., against the seller.
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Tax pro-ration (for any tax unpaid at time of transfer of title).
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Any unpaid Homeowners' Association dues.
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Recording charges to clear all documents of record against seller.
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Any bonds or assessments (according to contract).
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Any and all delinquent taxes.
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Notary fees.
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Escrow fees.
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Title insurance premium - Owner's policy.
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Loan Origination Points.
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Escrow fees.
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Appraisal Credit Report.
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Document preparation (if applicable).
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Notary fees.
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Recording charges for all documents in buyer's name.
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Termite inspection (according to contract).
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Tax pro-ration (from date of acquisition).
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Homeowner's transfer fee.
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All new loan charges (except those required by lender for seller to pay).
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Interest on new loan from date of funding to 30 days prior to first payment date.
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Assumption / Change of Records fees for take-over of existing loan.
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Beneficiary Statement fee for assumption of existing loan.
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Inspection fees (roofing, property inspection, geological, etc.).
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Home Warranty (according to contract).
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Fire insurance premium for first year.
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Title insurance premium - Concurrent ALTA.
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Recording fee, document fee, compliance disclosure fee.
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