Who pays what in real estate?

Who pays for what in a real estate transaction?

I get this question a lot!

So here is a quick run down.

Inspections are typically paid by buyers. Appraisals are typically paid by buyers.

• Title insurance is most often paid by sellers. Real estate commissions are typically paid by sellers (for both agents).

• Surveys are either or. Sometimes the buyer pays, sometimes sellers pay and sometimes its split.

• Loan closings costs are paid by buyers, but sometimes buyers ask sellers to pay them. However these fees are factored into the purchase price so the seller nets a certain amount.

• The closing fee charged by the title company is split between buyer and seller.

Phew! That’s a lot of info! Reach out to me with questions.