The Cascade Team Real Estate Blog

WHO PAYS FOR WHAT AT CLOSING?

The Seller can normally be expected to pay for the following:

  • Real estate commission
  • Owner’s title insurance premiums
  • ½ of the Escrow fee
  • Payoff of all loans in Sellerʹs name including the interest accrued to lender being paid off, Statement Fees, re‐conveyance Fees and prepayment penalties
  •  Any loan fees required by Buyerʹs lender per the contract
  • Home warranty according to the contract
  • Any judgments, tax liens, etc. against the Seller
  • Recording fees to clear all documents of record against the Seller
  • Tax pro‐ration ‐ this is for any unpaid taxes at the time of transfer of title until the deed is recorded in your name
  • Any unpaid Homeowners Association dues
  • Any bonds or assessments
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