Escrow Fees and Who is Responsible for Which Fee.
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 ask. I will be happy to answer any and all of your questions.
| 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 originiation fee* | |
| Loan interest* | |
| Private mortgage insurance* |
*Fees determined by sales price and/or loan amount.