EDUCATIONAL: Who Pays the Escrow and Title Fees?

The Closing Costs listed on this page should be considered negotiable between the buyer and seller. The escrow and title fees are separate from, and in addition to the existing/pending loan fees. However, your Nevada loan officer is able to give a fairly accurate estimate as to what they will be and to set your expectation accordingly. The fee information below is for informational purposes only.

What Escrow Title Fees Does the Seller Pay?

Closing costs are paid by both the buyer and the seller in the transaction. Some of the fees may be assigned within the real estate contract (purchase agreement). In some counties, it is the seller who pays the cost of the owner's title insurance premium, while the buyer pays the lender's title insurance premium. In other counties, that is reversed or costs are shared equally. Here are some of the costs a seller may pay:

* Owner’s Title Insurance premiums
* Real Estate commissions (about 3% of the selling price per Realtor)
* Escrow Fee
(according to contract)
* Courier; special overnight, or other delivery fees
* Property Appraisal
* Document preparation fee for Deed
* 100% of Documentary county transfer tax
* Payoff of all loans in seller’s name (or existing loan balance if being assumed by buyer)
* Termite Inspection (according to contract)
* Home Warranty (according to contract)
* Any judgments, tax liens, etc. against seller
* Recording charges to clear all documents of record against seller
* Tax pro-ration (for any unpaid taxes at time of transfer of title)
* Any unpaid Homeowner’s Association (HOA) dues
* Any bonds or assessments (according to contract)
* Any and all delinquent taxes and or liens
* Courier, special overnight or other delivery fee

What Escrow Title Fees Does the Buyer Pay?

In some cases the buyer splits fees with the seller. Again, some fees are specified within the real estate contract (purchase agreement). Here are some of the costs which may be the responsibility of the buyer:

* Lenders Title Policy premiums
* Document preparation (if applicable)
* Notary Fees
* Courier; special overnight, or other delivery fees
* Recording charges for all documents in buyers’ names
* Termite Inspection (according to contract)
* Tax, HOA, and SID/LID Pro-ration (from date of purchase)
* Escrow Fee (according to contract or loan docs)
* Homeowner’s Association fee (HOA) transfer fee (if applicable)
* All new loan charges (except those required by lender for seller to pay)
* Interest on new loan from the date of funding to 30 days prior to first payment date
* Assumption/change of records fees for takeover of existing loan
* Inspection Fees (roofing, pool, property inspection, geological, mold etc.)
* Home Warranty (according to contract)
* Fire Insurance premium for first year