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Escrow – Who Pays for What?

The Seller can generally* be expected to pay for:

  • Real Estate commission
  • Owners title insurance policy
  • One-half of the sub-escrow fee
  • Seller’s escrow fee and processing fee
  • Homeowner’s transfer fee (according to contract)
  • Documentary transfer tax
  • City transfer or conveyance tax
  • Loan fees required by buyer’s lender (FHA/VHA only)
  • Document preparation fee for deed
  • Payoff all loans in seller’s name
  • Interest accrued to lender being paid off, statement fees, reconveyance fees and prepayment penalties
  • Termite inspection (according to contract)
  • Termite work (according to contract)
  • Home warranty (according to contract)
  • Any judgements, tax liens, etc., against the seller
  • Tax proration (for any taxes unpaid at the closing)
  • Any unpaid homeowner’s 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
  • Natural Hazard Report
  • Messenger fees

The Buyer can generally* be expected to pay for:

  • Lenders title insurance policy One-half of the sub-escrow fee Buyer’s escrow fee and processing
  • Document preparation (if applicable)
  • Email Loan Document fee
  • Notary fees (as applicable)
  • Recording charges for all documents in buyer’s name
  • Tax proration (for any taxes unpaid at the closing)
  • Homeowner’s transfer fee (according to contract)
  • All new loan charges
  • Interest on new loan
  • Inspection fees (roofing, property, geological,etc.)
  • Home warranty (according to contract)
  • City transfer tax (according to contract)
  • Fire insurance premium for first year
  • Next month’s HOA dues
  • Messenger fees

* All fees are negotiable and subject to change. To learn what the Escrow Process is Click Here.

  • Angela Fox Martin

    Angela Fox Martin
    760-702-6762
    angelafox@cox.net
    CALBRE #00964448
  • Testimonial

    “Angela is an outstanding Realtor. She represented us on the sale of our home. She kept us well informed, and the process moved forward smoothly. We highly recommend her!”

    – Brette & Christian M.

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