While there are always exceptions, as a seller you can expect to pay the following closing costs:
- Real estate broker commissions
- Owner’s title insurance policy
- 50% of the sub-escrow fee
- Seller’s escrow fee and processing fee
- Homeowner’s transfer fee (as listed in the contract)
- Documentary transfer tax
- City transfer or conveyance tax
- FHA/VHA loan fees required by the buyer’s lender
- Deed document preparation fee
- Payoff all loans in seller’s name
- Interest accrued to lender being paid off, statement fees, reconveyance fees and prepayment penalties
- Termite inspection – (as listed in the contract)
- Termite work – (as listed in the contract)
- Home warranty – (as listed in the contract)
- Any judgments, tax liens, etc. against seller
- Tax proration (for any taxes unpaid at the closing)
- Any unpaid homeowner’s dues
- Recording charges to clear all documents of record against seller
- Any bonds or assessments – (as listed in the contract)
- Any and all delinquent taxes
- Notary fees
- Natural hazard report
- Messenger fees