Buyers Generally Pay

Buyers Generally Pay

  • Gary Snow
  • 01/27/22

Who pays for the various closing costs is negotiable between the Buyer and Seller, though the below sets forth the customary division in San Francisco County. These items might not apply in other counties. Some counties split their title and escrow fees between Buyer and Seller in varying manners.


Buyers Generally Pay

  • Title Insurance Premiums
  • Escrow Fee
  • City Transfer/Conveyance Tax (according to contract)
  • Termite/Pest Inspection (according to contract)
  • Inspection Fees (for example, roof, property inspection,
    geological)
  • Tax proration (from date of acquisition)
  • Homeowner’s Transfer Fee
  • All new loan charges (except those required by lender for
  • Seller to pay)
  • Interest on a new loan from date of funding to 30 days prior
    to first payment
  • Assumption/change of Records Fees for the takeover of
    existing loan
  • Beneficiary Statement Fee for the assumption of existing loan
  • Fire Insurance Premium for the first year
  • Homeowners Insurance for the first year
  • Earthquake Insurance (optional)
  • Private mortgage insurance (typically two months) if
    required by lender
  • Private mortgage insurance impound account (1 year) if
    required by lender
  • Property tax impound account if required by a lender
  • Move-in fees (for condominiums)
  • Notary Fees and Recording Charges for all documents in
  • Buyer’s name
  • Courier Fees


Sellers Generally Pay

  • Real Estate Commission
  • Document Preparation fee for Deed
  • Documents Transfer Tax ($1.10 per $1,000 of sales price)
  • City Transfer/Conveyance Tax (according to contract)
  • Any loan fees required by Buyer’s lender
  • The payoff of all loans in Sellers’ name (or existing loan balance
    if being assumed by Buyer)
  • Interest accrued to lender being paid off
  • Statement fees, reconveyance fees, and any loan
    prepayment penalties
  • Pre-sale pest/termite inspection and work (according to
    contract)
  • Third-party natural hazard disclosure statement
  • Underground storage tank report (as applicable)
  • Home warranty (according to contract)
  • Any judgments, tax liens, against the Seller and
  • Recording Charges to clear all documents of record
    against Seller
  • Property tax proration (for any unpaid taxes up to the time of
    transfer of title)
  • Any unpaid Homeowner’s dues
  • Homeowner’s Association document fee
  • Any bonds or assessments (according to contract)
  • Any and all delinquent taxes
  • Move-out fees (for condominiums)
  • Notary fees and recording charges
  • Courier fees

Work With Gary

Whether you are buying or selling, I truly look forward to helping you succeed at achieving your personal goals. I will empower you with knowledge about the process, conditions of the market, and intelligence and insight when writing, reviewing, and negotiating offers.