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WHO PAYS WHAT CLOSING COSTS
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Seller's Customary Charges
- 60% of the premium for standard coverage title insurance
- 50% of Escrow Fee
- Cost of drafting of conveyance documents and bills of sale
- Cost of obtaining Seller’s consents
- Sellers’ notary fees
- Cost of required staking or survey
- Recording fees to clear Seller’s title
- FHA or VA mandatory closing fees
- Conveyance tax
- FIRPTA (Federal withholding tax)
- HARPTA (State withholding tax)
Buyer's Customery Charges
- 40% of the premium for standard coverage title insurance & the added 10% cost of the ALTA Homeowner’s Policy (Same as the Eagle Policy)
- 50% of Escrow Fee
- Cost of drafting mortgage and note or agreement of sale
- Cost of obtaining Buyer’s consents
- Buyer’s notary fees
- All recording fees except documents to clear Seller’s title
- Condominium and Planned Community Association ownership transfer fees
- FFLAS or VA discount points and any mortgage fees
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