• Home
  • Company
    • About Us
    • Agents and Staff
      • Kent Van Slambrook
      • Julie Van Slambrook
      • Karen Glenn
      • Jennifer Henderson
      • Karen Pengelski
      • Michelle Human
    • Benefits of working with a First Properties Agent
  • Property Search
    • Properties by FPOTC
    • Search All Active Properties
    • Rentals by FPOTC
    • Search All Rental Properties
    • Sold Listings by FPOTC
    • Sold Properties
    • Mobile Device Property Search
    • Weather
    • Neighborhood Analysis
  • Buying
    • The Buying Process
    • Getting Pre-Approved
    • Loan-Application Checklist
    • Who Pays for What at Closing
    • Purchasing New Construction
    • Utilities
    • Neighborhood Analysis
  • Selling
    • The Selling Process
    • Marketing your Home
    • Who Pays for What at Closing
    • Utilities
    • Neighborhood Analysis
  • Future Residents
    • Rentals by FPOTC
    • Search All Rentals
    • Ten Things To Know Before You Apply with First Properties
    • Rentals & Applications
    • The Application Process with First Properties
    • Utilities
    • Realtor Info
  • Residents
    • Pay Rent
    • Maintenance Request
    • Utilities
    • Renting vs. Buying Your Home
    • While You Are Renting
    • Ten Things You Need To Know Before You Move Out
    • Checklist for Move out
  • Landlords
    • Owner Portal
    • Utilities
    • South Carolina and North Carolina Property Management Forms
    • Our services and fees
    • Realtor Info

Your Source for Real Estate Info in Charlotte, Lake Wylie, Fort Mill, Tega Cay

We are the first.

Facebook
Twitter
Instagram
You are here: Home / Selling / Who Pays for What at Closing

Who Pays for What at Closing

The seller can normally be expected to pay for the following:

  • Real estate commission.
  • Payoff of all loans in seller’s name.
  • Fees, re-conveyance fees, and prepayment penalties.
  • Home warranty according to the contract, if any.
  • Any judgments, tax liens, etc., against the seller.
  • Recording fees to clear all documents of record against the seller.
  • Tax pro-ration. This is for any unpaid taxes at the time of transfer of title.
  • Any unpaid homeowner-association dues.
  • Any assessments according to the contract.
  • Any and all delinquent taxes per the contract.
  • Tax Stamps
  • Termite inspection if being asked to on the contract.
  • Repairs

The buyer can normally be expected to pay for the following:

  • Lender’s title-policy premium—American Land Title Association (ALTA).
  • Recording charges for all documents in buyers’ names.
  • All new loan charges (except those required of the seller by the lender).
  • Interest on a new loan from date of funding to 30 days prior to first payment date.
  • Home warranty according to contract.
  • Fire-insurance premium for the first year.
  • Home inspection.
  • Reserve account for taxes and insurance.
  • Flood-certification fee.
  • Termite inspection, according to the contract.
  • Tax stamps if it is new construction

Quick Property Search




Property Type:

Area:

Subdivision/Complex:

City :

Zip:

Beds:

Baths:

Min. Price:

Max Price:

 

How Can We Help?

How Can We Help?

My featured listings

$590,000
10 Timberidge Court
River Hills - 4BR, 3BA
$750,000
258 Ridge Reserve Drive
Heron Cove - 4BR, 3.1BA
$425,000
106 Anchura Road
Laurel Meadow - 4BR, 2.1BA
$120,000
1009 Old North Main Street
Commercial

Please follow & like us :)

Facebook
Twitter
Instagram
  • Home
  • Company
  • Property Search
  • Buying
  • Selling
  • Future Residents
  • Residents
  • Landlords

Copyright © 2023 First Properties of the Carolinas | All Rights Reserved | Site by AVT Marketing


The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither First Properties of the Carolinas nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2018 Carolina Multiple Listing Services, Inc.