Here is a list of fees the seller should typically expect to pay:
- Escrow services(seller's portion)
- Title insurance (based on purchase price)
- Excise tax
- Recording fee
- Real estate commissions
As a part of your Purchase and Sale Agreement, you can ask the seller to pay your closing costs and prepaid items. Please be aware that lenders may have limitations on the amount of seller contributions -- typically 3% to 9%, depending on loan to value.
Some things that may be required at closing, but not always:
- Water and sewer certification (if your new home is not on municipal and sewer facilities a certification may be ordered through your local health department to save you money).
- Building code compliance letter
- Mortgage insurance
- Survey
