• Buyer Responsibilities
 


Buyer Responsibilities

The buyer can generally be expected to pay for:

  • Title insurance Premium for Lender´s Policy
  • Escrow Fee (one half)
  • Document preparation (if applicable)
  • Notary Fees
  • Recording charges for all documents in buyers names
  • Termite inspection (according to contract)
  • Tax proration (from date of acquisition)
  • Homeowners transfer fee
  • All new loan charges (except those required by Lender for seller to pay) interest on new loan from date of funding to 30 days prior to first payment date Assumption/Change of Records fees for takeover of existing loan.
  • Beneficiary Statement Fee for assumption of existing loan
  • Inspection Fees (roofing, property inspection, geological, etc.)
  • City Transfer/Conveyance Tax (according to contract)
  • Fire Insurance Premium for first year