Who Pays What?

The Seller Pays For:

• Real Estate Commissions.
• Document preparation fee for deed.
• County Documentary transfer tax ($1.10 per $1,000 of purchase price).
• Los Angeles City transfer tax ($4.50 per $1,000 of purchase 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, re-conveyance fees, Compliance disclosure fee, prepayment penalties.
• Termite inspection (according to contract).
• Termite work (according to contract).
• Home Warranty (according to contract).
• Any judgments, tax liens, etc., against the seller.
• Tax pro-ration (for any tax unpaid at time of transfer of title).
• Any unpaid Homeowners' Association 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 fees.
• Title insurance premium - Owner's policy.

The Buyer Pays For:

• Loan Origination Points.
• Escrow fees.
• Appraisal Credit Report.
• Document preparation (if applicable).
• Notary fees.
• Recording charges for all documents in buyer's name.
• Termite inspection (according to contract).
• Tax pro-ration (from date of acquisition).
• Homeowner's 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 take-over of existing loan.
• Beneficiary Statement fee for assumption of existing loan.
• Inspection fees (roofing, property inspection, geological, etc.).
• Home Warranty (according to contract).
• Fire insurance premium for first year.
• Title insurance premium - Concurrent ALTA.
• Recording fee, document fee, compliance disclosure fee.