Buyer Closing Cost Estimates

Buyer Closing Cost Estimate



A Guide To Closing Costs - Who Pays What?

Although most costs involved in a real estate transaction can be negotiated between buyer and seller, there are a lot of costs that are traditionally paid by one party or the other. We have set forth below a list of these charges:

The Seller can generally be expected to pay:

• owner’s policy of title insurance • homeowners association fees • real estate commissions

• escrow fees (50%)

• payoff all existing loans, liens and encumbrances, including all associated costs and fees

• termite work

• taxes due and payable or back taxes • recording fee (50%) • delivery fees

The Buyer can generally be expected to pay:

• lenders policy of title insurance

• endorsement fees for title insurance

• escrow fees (50%)

• impounds and interest on new loan

• all new loan charges (including appraisal, origination and discount fees, documentpreparation, etc...).

• termite inspection fee

• hazard insurance premium for first year

• delivery fees

• homeowners association dues required by

the association for future months • recording fee (50%)
Below is a list of costs involved in a transaction that are negotiable and there is no

general tradition as to which party pays them:

• home warranty

• homeowners association transfer fees