Who pays for what in Santa Clara County?

The seller can generally be expected to pay for:

Real estate commission
Document preparation fee for deed or other documents

Document transfer tax ($1.10 per $1,000.00 of sales price)

Any city transfer or conveyance tax (according to contract)

Any loan fees required by buyer’s lender

Payoff all loans in seller’s name (or existing loan balance if being assumed by buyer)

Interest accrued to lender being paid off, statement fees, reconveyance fees and prepayment penalties

Termite inspection/ geological/ environmental report (according to contact)

Owner’s title insurance premium

Home warranty (according to contract)

Escrow fee

Any judgments, tax liens, etc. against the seller

Tax proration (for any taxes unpaid at time of transfer of title)

Any unpaid/current homeowner’s dues/ chargers for documents/ transfer fees (according to contract)

Recording charges to clear all documents of record to the seller

Any bonds or assessments (according to contract)

Any and all delinquent taxes

Notary fees

The buyer can generally be expected to pay for:

Lender title insurance premium

Document preparation (if applicable)

Notary fee

Recording charges for all documents in buyer’s name

Termite inspection (according to contact)

Tax proration (from date to acquisition)

Homeowner’s transfer fee and dues

All new loan charges (except those required by lender for seller to pay)

Interest on new loan from date of funding to 30 days prior to first payment date

Assumption or change of record fee for takeover of existing loan

Inspection fees (roofing, property inspection, etc.) (according to contact)

Home warranty (according to contract)

City transfer or conveyance tax (according to contract)

Fire insurance premium for first year

Beneficiary statement fee for assumption of existing loan

County preliminary change or ownership fee (P.C.O.R.)

**Fees paid by seller and buyer may vary form county to county**

**Fees negotiable by contract**