Who Pays for What in Marin County
The SELLER is generally expected to pay for:
- Real Estate Commission
- Document Preparation Fee for the deed
- Documentary Transfer Tax
- Payoff of all loans recorded against the property, including Accrued Interest including Statement Fee, Trustee Fee, Reconveyance Fee, Demand Fee, Prepayment Penalty, Fax Fee
- Judgments, Tax Liens, etc. against the Seller
- Recording Charges to clear all documents of record against the Property
- Tax pro-ration (for any taxes unpaid at the time of the transfer of Title)
- Unpaid Homeowner’s Dues
- Delinquent Taxes
- Notary Fees
- Bonds or Assessments (according to the Contract)
- Termite Work (according to the Contract)
- Home Warranty (according to the Contract)
The BUYER is generally expected to pay for:
- Title Insurance Premiums
- ALTA Inspection Fee
- Escrow Fee
- Document Preparation (if applicable)
- Recording Charges for all documents in the Buyers’ names
- Tax Pro-ration (from the date of acquisition)
- Homeowner’s Transfer Fee
- All new Loan Charges (except those required by the Lender for the Seller to Pay)
- Interest on the new Loan from the date of funding to 30 days prior to the First Payment Date
- Assumption/Change of Records Fees for takeover of Existing Loan
- Beneficiary Statement Fee for assumption of Existing Loan
- Inspection Fees (roofing, termite, property inspection, geological etc.)
- Fire Insurance Premium for the first year
