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Buyer & Seller Costs
Buyer usually pays for the following (as applicable):
- Title insurance
- Document preparation fee
- Loan origination fee
- Loan discount fee
- Interest on new loan from date of funding to 1st payment date
- Escrow fee
- Credit report
- Appraisal fee
- Mortgage Insurance
- Hazard insurance premium
- Hazard insurance reserve
- Mortgage insurance reserve
- County tax reserve
- Notary fees
- Prorated county property taxes
- Pest inspection fee
- Home inspection fees
- Home Warranty Plan
(optional)
The seller usually pays for the following (as applicable)
- Real estate commission
- County documentary tax
- Document preparation fee
- Payoff of existing loans
- Interest accrued to lender being paid off
- Payoff demand statement
- Reconveyance fee
- Prepayment penalties, if
any
- Any corrective work agreed to by seller
- Loan fees as required by buyers lender, if applicable
- Judgments, tax liens, etc. owed by seller
- Recording fees to clear documents of record
- Any unpaid bonds or assessments
- Any unpaid homeowners dues
- Prorated county property taxes
- Home Warranty Plan
(optional)
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