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    Closing Costs: Who Pays for WHAT?

    Customary Practices in the State of Washington

    Closing costs are what the buyers and sellers will pay as part of the escrow transaction. Some fees are negotiable between the seller and the buyer as to “who pays what.” Below is an example of some typical closing costs which may vary from county to county.


    The SELLER can generally be expected to pay:

    • Real Estate Commission
    • Document preparation fee for deed
    • Pay off all loans in Seller’s name
    • Interest accrued to lender being paid off
    • Statement fees, reconveyance fees, and any prepayment penalties
    • Termite inspection (according to contract)
    • Termite work (according to contract)
    • Home warranty (according to contract)
    • Any judgments, tax liens, etc., against the Seller
    • Tax proration (for any taxes unpaid at the time of transfer of title)
    • Any unpaid homeowner’s dues
    • Recording charges to clear all liens of record against Seller
    • Any bonds or assessments (or according to contract)
    • Any and all delinquent property taxes
    • Seller Notary fees
    • Escrow fee (one-half)
    • Title insurance premium for Owner’s policy
    • Homeowner’s Association transfer fee

    The BUYER can generally be expected to pay:

    • Title Insurance premium for Lender’s policy
    • Escrow fee (one-half)
    • Document preparation fee (if applicable)
    • Buyer Notary fees
    • Recording charges for all documents in Buyer’s name
    • Tax proration (from date of acquisition)
    • All new loan charges (except those required by Lender for Seller to pay)
    • Interest on new loan from date of funding to 30 days prior to first payment date
    • Assumption/change of records fees for taking over existing loan
    • Beneficiary statement fee for assumption of existing loan
    • Inspection fee (roofing, property inspection, geological, etc.)
    • Fire insurance premium for the first year

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