Who generally pays for what in real estate transactions?

When it comes to real estate transactions in Texas, generally the costs are split as shown below.

The Buyer:

• All new loan charges

• Prorated interest on new loan

• Escrow fee (one half)

• Title insurance premium for Lender’s policy

• Homeowner’s insurance premium

• Inspection fees

• Accommodation signing fees for mail-out closings, if applicable

• Tax proration (from date of acquisition)

• Recording charges for all documents in Buyer’s name

The Seller:

• Real estate commission

• Title Insurance premium for Owner’s policy

• Escrow fee (one half)

• Payoff of all loans in Seller’s name

• Interest accrued to lender being paid off

• Home warranty (or according to the contract)

• Any judgments, tax liens, etc., in Seller’s name

• Any and all taxes due

• Tax proration

• Any applicable homeowner’s association dues

• Recording charges to clear all documents of record in Seller’s name

• Any bonds or assessment

• Accommodation signing fees for mail-out closings, if applicable