200 West Academy St.,
Gainesville, GA 30501

Main Content

Home » Who Pays for What?

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

DISCLAIMER:  This listing is not intended as legal advice but merely informative of common practices.  Most fees and expenses listed for one party may be paid by the other party if negotiated in the contract.  Buyer and Seller should always consult their own legal counsel before entering into any contract.