Who Pays For What
Who Pays For What
In San Francisco Residential Real Estate transactions, Sellers and Buyers are generally expected to pay for the following...
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Sellers |
Buyers |
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Real estate commission
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Document preparation fee (if applicable)
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Documentary transfer tax
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City transfer/conveyance tax (according to contract)
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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, statement fees, reconveyance fees and any prepayment penalties
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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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Recording charges to clear all documents of record against seller
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Tax pro-ration (for any taxes unpaid at time of transfer of title)
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Any unpaid Homeowner's dues
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Any and all delinquent taxes
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Notary fees
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Any bonds or assessments (according to contract)
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Energy/Water Compliance
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Title insurance premiums
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Escrow fee
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Documentation preparation (if applicable)
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Recording charges for all documents in buyer's names
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Tax pro-ration (from date of acquisition)
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Termite inspection (according to contract)
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Homeowner's transfer fee (according to contract)
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All new loan charges
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Home warranty (according to contract)
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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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Payment to escrow for home owners insurance premium
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