|
|
Who Pays For What? - Typical Seller Costs Everything in real estate is negotiable. The more knowledgable and skilled your realtor is, the better your needs and wants will be represented and negotiated. That being said, listed below are the typical ways in which costs associated with real estate transactions are split and paid.
Broker Fees - Real Estate Agent Commissions (split between listing agent and buyer’s agent)
- Admin Fee (depending on the Broker)
Title Company Fees - Settlement Fee
- Document Preparation Fee for the Deed
- Recording charges to clear all documents of record against the seller
- Courier or special delivery fees for sending documents
Other - City Transfer Tax (if applicable to where you are selling)
- Payoff of all loans in Seller’s name that are listed on title
- Tax pro-ration (for any unpaid taxes up to the date of closing)
- Any unpaid condo or HOA dues (pro-rated through the the date of closing)
- Any and all delinquent taxes
Contract Specific - Termite Inspection
- Home Warranty
- First time home-buyer credit (if applicable)
|
|
