Who Pays What in San Mateo County?
The Seller can generally be expected to pay for :
The Buyer can generally be expected to pay for :
  • Real Estate Commission
  • Document preparation fee for Deed
  • Document transfer tax ($1.10 per $1000 of sale price)
  • City Transfer Tax (according to contract)
  • Notary Fees
  • Payoff of 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 any prepayment penalties
  • Termite inspections and/or work (according to contract)
  • Any judgments, tax liens, etc. against the seller
  • Tax proration (for any taxes unpaid at time of transfer of title)
  • Recording charges to clear all documents of record against seller
  • Any unpaid Homeowners Dues
  • Any bonds or assessments (according to contract)
  • Any and all delinquent taxes
  • Title insurance premiums
  • Document preparation (if applicable)
  • Escrow fee
  • Notary fees
  • Recording charges for all documents in buyer’s name
  • Termite inspections (according to contract)
  • Homeowners association transfer fee (according to contract)
  • All new loan charges (except those requires by lender for seller to pay – see note)
  • Interest on new loan from date of funding to 30 days prior to first payment date
  • Assumption/change of records fees for takeover of existing loan
  • Beneficiary statement fee for assumption of existing loan
  • Inspection fees (roofing, property inspections, geological, etc.)
  • Tax proration (from date of acquisition)
  • Home Warranty (according to contract)
  • City Transfer Tax (according to contract)
  • Fire insurance premium for the first year
Note: On some FHA, VA, or other government-backed loans, the seller would pay some loan fees that the buyer cannot pay due to lender requirements