The Loan Process
Buyers' and Sellers' Costs
The Inspection Process
Common Forms of Ownership
The Escrow
Terms You Should Know
After the Offer
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Buyers' and Sellers' Costs
In general, the Buyer usually pays for The
following:
- Escrow fee
- Title Insurance
- Transaction fee
- Document preparation fee
- Loan fees such as:
- Loan origination fee
- Loan discount fee
- Prepaid interest on new loan from date of funding to first payment
date
- Loan processing fee
- Credit report
- Appraisal fee
- Mortgage insurance
- Tax service fee
- Hazard insurance reserve
- Mortgage insurance reserve
- Recording fee
- Notary fees
- Pest control inspection fees
- Fire & Hazard insurance premium
- Prorated property taxes
In general, the Seller usually pays for the
following:
- Real estate commission
- City & County transfer tax
- Transaction fee
- Document preparation fee
- Payoff of existing loans:
- Interest accrued to loan payoff
- Payoff demand statement fee
- Reconveyance fee
- Prepayment penalties, if any
- Any corrective work paid by Seller
- Local ordinance compliance
- 3-R and mandatory disclosures
- Geological survey
- Recording fees to clear title
- Notary fees for Seller's documents
- Any unpaid bonds, assessments or homeowner's dues
- Underground oil tank inspection and removal (if tank is present)
- Prorated property taxes
Contact us at:
415.345.3096 or send email to: Ldelevi@pacunion.com
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