• Miriam Martin, Ryan Niedens 209-962-1111
  • Yosemite Region Resorts







SELLER CLOSING COSTS


Customary division of fees between buyers & sellers


Contracts in this area are generally written as the seller to pay for:




  • Real estate commission




  • One half owners title insurance policy




  • One half of the escrow fee




  • Homeowner’s transfer fee-according to contr




  • Homeowners document fee




  • County transfer tax based on $1.10 per thousand dollars




  • Loan fees required by buyer’s lender –fha/va




  • Document preparation fee for the 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 seller




  • Tax proration (for any taxes unpaid at closing)




  • Any unpaid homeowner’s dues prorated




  • 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




  • Cal Fire Compliance to include removal of dead or dying trees




  • Marking of property pins/monuments




  • Septic tank pumping (if applicable)




  • Messenger fees




Note: the State Board of Equalization will bill the owner of record as of July 1st for any fees due for the Fire Prevention Fee (actually accrues during the previous billing period).  This fee is not prorated in escrow.  Refer to the California State Board of Equalization website for more information  http://www.boe.ca.gov/sptaxprog/fire_prev_fee.htm