Buyers & Sellers
Buyer, Seller Cost & fees
PTA Difference
Understanding who is responsible for which costs in a real estate transaction can help you avoid unexpected expenses at closing. While fees may vary by situation, buyers and sellers generally cover specific items such as loan charges, inspections, title insurance, and agent commissions. However, many things can be negotiated. Typically negotiated items are closing cost credits, closing date, inspection repairs, HOA transfer fee, and home warranties. All terms will be documented in the Purchase Contract. Decide what is important to you and ask your real estate agent if there is something you want to negotiate.
Lender’s title insurance policy premium
Half of the escrow fee
All loan fees except those required by the lender for the seller to pay
Recording charges for all documents in the buyer’s name
Interest on a new loan from the date of loan funding to 30 days before the first payment due date
Hazard insurance premium for the first year in advance and impounds as required by the new lender
Property tax impounds as required by the new lender
HOA fees, initiation, monthly/annual dues
Preservation fees, recreation center fees
All inspections
*FHA, VA, and other specialty loans may have specific fee stipulations
Owner’s title insurance policy premium
Real estate commission
Half of the escrow fee
Any seller concessions specified in the purchase contract
Payoff plus any fees, charges, and/or penalties and interest on all loans made by the Seller, including statement fees, reconveyance fees, and/or prepayment fees
Any encumbrance of record against the seller
Recording charges to clear all documents of record against the Seller
Home warranty if specified in the purchase contract
Prorated property taxes and/or delinquent taxes to date of close
Unpaid HOA dues or assessments of record
HOA Disclosure Statement
Arrange for title insurance
Order payoff information
Calculate and prorate
Pay costs and liens
Arrange for recording for documents and legal instruments
Prepare a closing statement
Close the transaction
At Pioneer Title Agency we offer an all-inclusive escrow fee that includes unlimited reconveyances, couriers, e-docs, wires, and more! We work with several large national underwriters who can insure the title to your property for the best price. Pioneer Title is a local, Arizona-based company committed to supporting our communities. By paying for our services, you will be supporting your local community and economy!
