Who Pays What?

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HOME PLACE AN ORDER AGENTS - LENDERS BUYERS - SELLERS TITLE & ESCROW INFO CONTACT US What is Title Insurance? Title Policies Comparison How Can One Hold Title? Listings: Title & Escrow Process Statutory Deeds of Washington Title FAQs What is Escrow Life of an Escrow Closing Costs Closing Protection Letter Sub-Escrows Last Refinance Signing Days A Guide to Closing Costs click here for a printable version The table below shows the typical fees paid by a buyer and seller in a real estate transaction. If you have further questions, please don’t hesitate to contact us! Seller is responsible for... Buyer is responsible for... Owner's title insurance policy* Lender's title insurance policy* 1/2 escrow fee* 1/2 escrow fee* Excise tax* Recording fees Real estate commissions* Surveys Utility payoffs 1st year fire insurance Loan balances 1st year flood insurance (if applicable) Doc prep fees - power of attorney, etc. Doc prep fees - quit claim deed, etc. Misc. fees (wire, courier, signing fees) Misc. fees (wire, courier, signing fees) Pro-rated property taxes Pro-rated property taxes Home warranty (depends on contract) Home warranty (depends on contract) Homeowner's association fees: Homowner's association fees: Pro-rated association dues Pro-rated association dues Resale certificate / misc fees Transfer fee / capital contribution FHA/VA financing, other fees may apply Property inspection Pest inspection Lender fees including: Appraisal Credit report Loan origination fee* Loan interest* Private mortgage insurance* *Fees determined by sales price and/or loan amount. Payment of fees above can be negotiated within contract. HOME ! PLACE AN ORDER ! AGENTS - LENDERS ! BUYERS - SELLERS ! TITLE & ESCROW INFO ! CONTACT US © 2011 Commonwealth Land Title Co of Puget Sound, LLC All rights reserved. PRIVACY POLICY

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A Quick synopsis of fees associated in a typical real estate transacion, and which party is responsible for those fees.

Transcript of Who Pays What?

Page 1: Who Pays What?

HOME PLACE AN ORDER AGENTS - LENDERS BUYERS - SELLERS TITLE & ESCROW INFO CONTACT US

What is Title Insurance?

Title Policies Comparison

How Can One Hold Title?

Listings: Title & Escrow Process

Statutory Deeds of Washington

Title FAQs

What is Escrow

Life of an Escrow

Closing Costs

Closing Protection Letter

Sub-Escrows

Last Refinance Signing Days

A Guide to Closing Costsclick here for a printable version

The table below shows the typical fees paid by a buyer and seller in a real estate transaction. If you have furtherquestions, please don’t hesitate to contact us!

Seller is responsible for... Buyer is responsible for...Owner's title insurance policy* Lender's title insurance policy*

1/2 escrow fee* 1/2 escrow fee*

Excise tax* Recording fees

Real estate commissions* Surveys

Utility payoffs 1st year fire insurance

Loan balances 1st year flood insurance (if applicable)

Doc prep fees - power of attorney, etc. Doc prep fees - quit claim deed, etc.

Misc. fees (wire, courier, signing fees) Misc. fees (wire, courier, signing fees)

Pro-rated property taxes Pro-rated property taxes

Home warranty (depends on contract) Home warranty (depends on contract)

Homeowner's association fees: Homowner's association fees:

Pro-rated association dues Pro-rated association dues

Resale certificate / misc fees Transfer fee / capital contribution

FHA/VA financing, other fees may apply Property inspection

Pest inspection

Lender fees including:

Appraisal

Credit report

Loan origination fee*

Loan interest*

Private mortgage insurance*

*Fees determined by sales price and/or loan amount.

Payment of fees above can be negotiated within contract.

HOME ! PLACE AN ORDER ! AGENTS - LENDERS ! BUYERS - SELLERS ! TITLE & ESCROW INFO ! CONTACT US

© 2011 Commonwealth Land Title Co of Puget Sound, LLC All rights reserved.

PRIVACY POLICY