Closing Costs -

Who pays for what

Closing costs are what the buyer and seller will pay as part of the escrow transaction. Some fees are negotiable between the seller and buyer as to “Who Pays What.”

Below is an example of some typical closing costs, some of which may vary by City and County.

Paid by Both or Either Party:
  • A ttorney Fees
  • Courier/Delivery Fees
  • Document Preparation Fees – For deed(s) and other legal documents required to consummate the transaction.
  • Escrow Fee – Often split between buyer and seller
  • Homeowner’s Association (HOA) Dues and Transfer Fees
  • Notary Fees – To witness documentation
  • Recording Fees – To file legal documents with County Recorder's Office
  • Property Taxes
  • Owner’s Title Insurance Premium
  • Lender’s Title Insurance Premium
Buyer’s Typical Costs:
  • Appraisal
  • Credit Report
  • Homeowner’s Insurance (for fire/hazard insurance)
  • Lender Loan Origination and processing Fees
  • PMI – (Private Mortgage Insurance)
  • Prepaid Interest – Prorated depending on time of month the loan closes
  • Home Inspection
  • Pest Inspection
Seller’s Typical Costs: 
  • Real Estate Commission
  • Disclosure Reports
  • Natural Hazard Report
  • Home Warranty Plan
  • Existing Encumbrances
  • Property Inspections
  • Pest Inspection
  • Pest Inspection Correction work
  • City and County Transfer Taxes