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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