Serving Palmdale - Rancho Vista - Quartz Hill - East Lancaster - West Lancaster - Ana Verde - Rosamond - Acton - Leona Valley - Littlerock - Canyon Country - Aqua Dulce - Sand Canyon - Antelope Acres - Barrel Springs - Antelope Valley - Bouquet Canyon - Green Valley - Lake Elizabeth - Lake Hughes - Rosamond - Santa Clarita and the surrounding communities of AV & Los Angeles County.

Sandee Conley
CENTURY 21 Doug Anderson & Assoc., Inc.
1727 West Ave. K, Suite 102
Lancaster, California 93534
1-877-SCONLEY
Please visit http://www.real-estate-palmdale.com for more information

                               WHO PAYS FOR WHAT IN A REAL ESTATE TRANSACTION?

There are costs involved in real estate transactions - question is, what costs are you responsible for?  Below is a list of the most common costs although, of course, these costs may vary from state to state and region to region.  Also, whether it's a seller's or buyer's market, the responsibility of who pays for what can change as part of negotiations.  So, when you look at the list below, please remember that it is just a general overview:

The seller could generally be expected to pay for the following:

Real estate commission
Document preparation fee for deed
Documentary transfer tax
Any city transfer or conveyance tax
Any loan fees required by buyer's lender
Payoff of all loans in seller's name or existing loan balance if being assumed by the buyer
Interest accrued to lender being paid off, statement fees, reconveyance fees and any prepayment penalties
Termite inspection
Termite work
Home warranty (Recommended)
Any judgments, tax liens, etc against the seller
Tax proration (for any taxes unpaid at time of transfer of title)
Any unpaid homeowner's dues
Title Insurance premium
Recording charges to clear all documents of record against seller
Any bonds or assessments
Any and all delinquent taxes
Escrow fee
Notary fees


The buyer could generally be expected to pay for the following:

Title insurance premium
Escrow fee
Notary fee
Document preparation
Recording charges for all documents in buyer's name
Termite inspection
Tax proration
Homeowner's transfer fee
All new loan charges (except those that the lender requires the seller to pay)
Interest on new loan from date of funding to 30 days prior to first payment date
Assumption/Change of Records fees for assuming existing loan
Beneficiary statement fee for assumption of existing loan
Home inspection fees (DON'T buy a home without an inspection from a licensed professional)
Home warranty (if you have negotiated with the seller to pay)
City Transfer/Conveyance Tax
Fire insurance premium for first year





Serving Palmdale - Rancho Vista - Quartz Hill - East Lancaster - West Lancaster - Ana Verde - Rosamond - Acton - Leona Valley - Littlerock - Canyon Country - Aqua Dulce - Sand Canyon - Antelope Acres - Antelope Valley - Bouquet Canyon - Green Valley - Lake Elizabeth - Lake Hughes - Santa Clarita and the surrounding communities of AV & Los Angeles County.

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