Who Pays for What
In San Francisco real estate transactions, Sellers and Buyers are generally expected to pay for the following:
Sellers
- Real estate commission
- Document preparation fee
- Documentary transfer tax
- City transfer/conveyance tax
- Payoff of all existing loans secured by property
- Additional Interest accrued, reconveyance fees and any prepayment penalties
- Termite work (according to contract)
- Home warranty (according to contract)
- Any judgments, tax liens, etc., against the seller
- Recording charges to clear all documents of record against seller
- Property Tax pro-ration (for any taxes unpaid at time of transfer of title)
- Any unpaid Homeowner’s dues
- Any and all delinquent taxes
- Notary fees
- Any bonds or assessments (according to contract)
- Energy/Water Conservation Compliance
Buyers
- Title insurance premiums
- Escrow fee
- Documentation preparation (if applicable)
- Recording charges for all documents in buyer’s names
- Property Tax pro-ration (from date of acquisition)
- Property inspections
- Homeowner’s transfer fee (according to contract)
- All new loan charges
- Home warranty (according to contract)
- Interest on new loan from date of funding to 30 days prior to first payment date
- Assumption/change of records fees for take over of existing loan
- Beneficiary statement fee for assumption of existing loan
- Payment to escrow for home owners insurance premium
