• Seller Responsibilities
 


Seller Responsibilities

The seller can generally be expected to pay for:

  • Real Estate Commission
  • Document preparation fee for Deed
  • Documentary transfer tax ($1.10 per $1,000.00 of sales price)
  • Payoff of all loans in seller´s name (or existing loan balance if being assumed by buyer)
  • Interest accrued to lender being paid off, Statement Fees, Reconveyance
  • Fees and any prepayment penalties.
  • Termite inspection (according to contract)
  • Termite Work (according to contract)
  • Any judgments, tax liens, etc., against the seller.
  • Tax proration (for any taxes unpaid at time of transfer of title)
  • Any unpaid Homeowners dues
  • Recording charges to clear all documents of record against seller
  • Any bonds or assessments (according to contract)
  • Any and all delinquent taxes
  • Notary Fees
  • Escrow Fee (one half)
  • Title Insurance Premium for Owner´s Policy