Sellers
Who Pays for What
In SF real estate transactions, sellers and buyers are generally expected to pay for the following:
Seller Pays
- Real estate commission
- Document preparation fee
- Documentary transfer tax
- City transfer/conveyance tax
- Payoff of all existing loans secured by property
- Additional interest accrued, reconveyance fees & prepayment penalties
- Termite work (per contract)
- Home warranty (per contract)
- Any judgments, tax liens, etc. against the seller
- Recording charges to clear all seller documents
- Property tax pro-ration (unpaid taxes at time of title transfer)
- Any unpaid Homeowner's dues
- Any and all delinquent taxes
- Notary fees
- Any bonds or assessments (per contract)
- Energy/Water Conservation Compliance
Buyer Pays
- Title insurance premiums
- Escrow fee
- Documentation preparation (if applicable)
- Recording charges for all documents in buyer's name
- Property tax pro-ration (from date of acquisition)
- Property inspections
- Homeowner's transfer fee (per contract)
- All new loan charges
- Home warranty (per contract)
- Interest on new loan from funding date to 30 days prior to first payment
- Assumption/change of records fees for existing loan takeover
- Beneficiary statement fee for assumption of existing loan
- Payment to escrow for homeowners insurance premium
Contact
ted@bartlettre.comtina@bartlettre.comelizabeth@bartlettre.com
Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01527235. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.