Legal Question in Real Estate Law in Alabama

In a real estate deal in Al, what does the seller pay (customery) in closing costs?


Asked on 3/05/11, 10:42 am

1 Answer from Attorneys

Joshua Key The Law Offices of Joshua Key, PLLC

Sellers typicaly pay these closing costs.

Real estate commission.

Document preparation fee for deed. (ask Title Co for quote).

Notary fees

Termite Inspection (according to contract).

Termite work (according to contract).

Home warranty (according to contract).

Any judgments, tax liens, etc. against the seller.

Any unpaid homeowner's dues.

Any bonds or assessments (according to contract).

Any and all delinquent taxes.

Documentary Transfer tax ($1.10 per $1,000 of sales price)

Any loan fees required by buyer's lender.

50% if city transfer/conveyance tax (according to contract)

Recording charges to clear all documents of record against seller (ask Title Co. if any apply).

Tax prorations of property taxes unpaid at the time of close.

Payoff of all loans in seller's name (or existing loan balance being assumed by buyer).

Interest accrued to lender being paid off, statement fees, reconveyance fees and any prepayment penalties.

Transactional coordinator / Administration fee.

However I should qualify that most of these are negotiable and can be modified by contract negotiation. I would contact a lawyer or real estate agent when conducting your particular transaction.

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Answered on 4/11/11, 12:59 pm


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