Who Pays What Escrow Fee and Title Fee? In California Who Pays What is determined by local custom. Traditionally Northern California pays fees one way while Southern California has a somewhat different fee traditon. Of course, all the fees are negotiable and can be changed by the purchase contract. Below is a list of who pays which fees in Soputhern California. The SELLER can generally be expected to pay for: Real estate commission Owners title insurance policy 1/2 of the sub-escrow fee 1/2 of escrow fee Document preparation fee for deed Documentary transfer tax Transfer or conveyance tax Loan fees required by buyer's lender (FHA/VA) Payoff all loans against property Seller's lender being paid off Interest accrued Statement fees Reconveyance fees Prepayment penalties Termite inspection (according to contract) Termite work (according to contract usually section 1) Home warranty (according to contract) Any judgements, tax liens, etc., against the 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 (according to contract) Any and all delinquent taxes Notary fees The BUYER can generally be expected to pay for: Lenders title insurance policy 1/2 of the sub-escrow fee 1/2 of escrow fee Document preparation (if applicable) Notary fees Recording charges for all documents in buyer's name Tax proration (for any taxes unpaid at the closing) Homeowner's transfer fee All new loan charges (except FHA/VA loans) Interest on new loan from date of funding to 30 days prior to first payment date Assumption or change of records fee on existing loan Assumption of existing loan Inspection fees (roofing, property, geological, etc.) Termite work (according to contract usually section 2 ) Home warranty (according to contract) Fire insurance premium for first year NOW is the TIME to BUY!! Let David Help You! Contact: David Walker, Realtor David's Golden Quote of the Day "To announce that there must be no criticism of the president, or that we are to stand by the president right or wrong, is not only unpatriotic, but is morally treasonable to the American public." - Theodore Roosevelt MORE How are the Schools? - David Walker FREE School Report David's No Sales Calls Policy Thank You for using www. CondoHouse.Com to find out about homes for sale, sold homes, real estate, and fun things in Ventura County. I will help you with all your Real Estate Needs! - Contact David L. Walker REALTOR ® Broker 805 - 377- 0897 "I answer my own phone" Email at David@CondoHouse.Com AOL -Friendly Email Address Home | Ventura Homes | Ventura Condos | Ventura Beach Oxnard Homes | Oxnard Condos | Oxnard Beach Camarillo Homes | Links | Ojai Homes Home Buyers | Home Sellers MLS Listing | My Listings + David L Walker Contact Please seek legal and/or tax advise from qualified professionals. 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Oahu Hawaii Real Estate Ventura Real Estate For Ventura County Real Estate Information Call David Lee Walker REALTOR ® State of California, Department of Real Estate "Real Estate Broker License" Identification Nunber 01124599 805 - 377 - 0897 Home Office 805 - 486 - 3030 E-mail david@condohouse.com This site, built, maintained and updated by David Lee Walker REALTOR ® "The Internet Broker" of Ventura County, e-PRO CondoHouse Realtors Since January 2000, 4,666,736 Pages were Viewed by 1,435,665 People Yesterday 1,012 Pages were Viewed by 405 Possible Buyers or Sellers So What Does that Mean to You? Last Modified: Tuesday June 30 2009, 6:20 AM 184 Days Left in this Year 50.4 181 Days have Passed 49.5