Who Pays What in Santa Clara County?


The Seller can generally be expected
to pay for :

The Buyer can generally be expected
to pay for :

Real Estate CommissionLender’s new loan charges  (except those required by lender for seller to pay
Escrow FeeInterest in new loan from date of funding to 30 days prior to first payment date
Buyer’s Title Insurance PremiumLender’s Title Insurance Premium
50% of any city transfer/conveyance tax according to contract50% of any city transfer/conveyance tax according to contract
Documentary transfer tax ($1.10 per $1000 of sale price)County preliminary change of ownership fee (P.C.O.R.)
Document preparation feeDocument preparation fee
Notary feesNotary fees
Recording charges to clear all documents of record against the sellerRecording charges for all documents in buyer’s name
Property tax proration (to date of acquisition)Property tax proration (to date of acquisition)
Termite inspection according to contractTermite inspection according to contract
Work/repairs required according to contractFire insurance premium for first year
Homeowner’s association statement fee and prorata dues (to date of acquisition)Homeowner’s association transfer fee and prorata dues (from date of acquisition)
Home warranty according to contractHome warranty according to contract
Special delivery/courier fees, if requiredSpecial delivery/courier fees, if required
Bonds or assessments according to contractAssumption/change of records fee, if taking over existing loan
Any buyer’s new loan charges specified by lender for seller to payInspection fees according to contract (geological, property, roofing, etc.)
Matters of record against the property of seller    (loans, tax liens, judgments, etc.) and interest and fees required to clear them (statement fees, reconveyance/trustee fees, and prepayment penalties)Other prorations (rents, insurance, etc.), if applicable

Note: All fees charged are governed by the terms of the sales contract and other written escrow instructions from buyer and seller

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