Scott Taylor
Reasons Why Mount Laguna San Diego is a Great

Let’s call a spade a spade.

There’s a lot of costs in a typical real estate transaction.

Who pays what?

Does the buyer or seller pay the document preparation fee for the deed?

Who pays the title insurance premium?

How about the document transfer tax?

Well, instead of guessing I wanted to put together (probably) the most complete list of “who pays what” that you’ve ever seen.

Here’s a quick rundown of our list:

Of course, like anything in real estate — the buyer or seller can agree to change the contract and change who pays what — but, here’s how it looks for most deals in San Diego.

  • Real estate commission
  • Document prep fee for deed
  • Document transfer tax
  • Any city transfer/conveyance tax
  • Any loan fees required by buyers lender
  • Payoff all loans in sellers name
  • Interest being accrued to lender being paid off
  • Statement fees, reconveyance fees, prepayment penalties
  • Termite inspection
  • Termite work
  • Home warranty
  • Any judgements/liens against seller
  • Prorated taxes
  • Unpaid homeowner’s dues
  • Recording charges for doc’s in sellers name
  • Any bonds or assessments
  • All delinquent taxes
  • Notary fees
  • Escrow fees
  • Title insurance premium

Must Read: San Diego Real Estate Transactions…

  • Title insurance premium
  • Escrow fees
  • Notary fees
  • Recording charges for all doc’s in buyers name
  • Inspection fees (roof, plumbing, home, etc)
  • Termite inspection
  • Home warranty
  • Fire insurance first year
  • Prorated taxes
  • City transfer/conveyance tax
  • Homeowner’s transfer fee
  • All new loan charges
  • Interest on new loan
  • Assumption/fees for new loan

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As mentioned — we see some of these in both sections — according to the contract and according to what’s agreed between the buyer and seller.

And, since we’re on the subject –

San Diego Homeowners: We have qualified buyers desperately seeking to buy immediately and pay top dollar…

The distinction between personal and real property can be the source of serious difficulties in a real estate transaction.

A purchase contract is normally written to include all REAL property; that is — all aspects of the property that are fastened down or which are an integral part of the structure.

For example — this would include light fixtures, drapery rods, attached mirrors, trees and shrubs IN the ground.

It would NOT include things like — potted plants, freestanding fridge, washer/dryer, microwave, bookcases, etc.

If there’s any doubt to whom owes what or what transfers with a sale

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What do you think?

Is this a pretty great list?

Of course, I am standing by if you have any questions.

Feel free to leave a comment below, shoot me an email, or call me at (760) 297–4539

Your Transaction Insider,


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