200 West Academy St.,
Gainesville, GA 30501
House Mortgage
200 West Academy St.,
Gainesville, GA 30501

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Who Pays for What?

The Seller customarily pays for:

  • Real Estate Commission
  • Document preparation fee for Deed
  • Documentary transfer tax ($1.00 per $1,000.00 of sales price) (may be negotiated in the contract)
  • Payoff of all loans in seller’s name with interest through the date of payment
  • Termite inspection
  • Termite work
  • Home Warranty
  • Any judgments, tax liens, etc., against the seller
  • Tax proration (through date of closing)
  • Any unpaid Homeowner’s dues
  • Proration of current HOA dues through date of closing
  • Recording charges to clear all liens of record against seller
  • Any bonds or assessments
  • Any and all delinquent taxes

The Buyer customarily pays for:

  • Title insurance premium (lender and owners)
  • Document preparation (except Warranty Deed) (if applicable)
  • All new loan charges
  • Mortgage recording taxes (if applicable)
  • Tax prorations (from date of closing)
  • Interest on new loan from date of funding to date of the first payment date
  • Inspection Fees (roofing, property inspection, geological, etc.)
  • Fire Insurance Premium for first year
  • HOA transfer and new owner fees
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