Who Pays for What?

Understanding What Seller's
Closing Documents Look Like
Understanding What Buyer's
Closing Documents Look Like

SELLER Costs

(for residential contracts)

SELLER EXPENSES

BUYER EXPENSES

BUYER  Costs

(for residential contracts)

Real Estate Commission

Seller

Buyer

Survey  (if required by Lender)

Seller’s unpaid Mortgage (if any)

Seller

Buyer

Elevation Certificate (if required by Lender)

Seller’s unpaid Judgment Liens (if any)

Seller

Buyer

Appraisal Fees (if required by Lender)

Seller’s unpaid Municipal Liens (if any)

Seller

Buyer

Loan Fees (if required by Lender)

Seller’s HOA/Condo Ass’n Liens (if any)

Seller

Buyer

HOA/Condo Application fees to the Ass’n (if any)

Seller’s unpaid HOA/Condo dues (if any)

Seller

Buyer

HOA/Condo Transfer Fees to the Ass’n (if any)

Seller’s unpaid property taxes (if any)

Seller

Buyer

Buyer’s Property Inspections (if any)

Seller’s unpaid utilities (if any)

Seller

Buyer**

Recording Fees on Deed, UCC-1, Note, Mortgage

HOA/Condo Estoppel Fee to the Ass’n (if any)

Seller

Buyer***

Intangible Tax on Buyer’s new Mortgage

Documentary stamp tax + Surtax on the Deed (this is not a recording fee)*

Seller*

Buyer****

Documentary stamp tax on Buyer’s new Mortgage (this is not a recording fee)

Title search (if SELLER’S Box is Checked   or the Miami-Dade/Broward Regional Provision is Checked per Article 9)

Seller

Buyer*****

Documentary stamp tax on Buyer’s new Promissory note (this is not a recording fee)

Municipal Lien search (if SELLER’S Box is Checked or the Miami-Dade/Broward Regional Provision is Checked per Article 9)

Seller

Buyer

Title search (if BUYER’S Box is Checked per Article 9)

Owner’s Title Policy (if SELLER’s Box is Checked per Article 9)

Seller

Buyer

Municipal Lien search (if BUYER’S Box is Checked per Article 9)

Seller concessions e.g. paying for all or a portion of the title insurance, costs of appraisal, property repairs, home warranty, decorating allowance, moving allowance.

Seller

Buyer

Owner’s Title Policy (if BUYER’S Box is Checked or if the Miami-Dade/Broward Regional Provision is Checked per Article 9)

Seller’s Settlement Fee

Seller

Buyer

Lender’s Title Policy

Buyer

Buyer’s Settlement Fee