The sellerâ€™s typically would provide the buyers with Ownerâ€™s/Mortgagee Title Insurance (giving the buyers good title to the property), pro-rated taxes & home owners insurance, recording of the deed, as well as, providing the buyers with a clear Wood Infestation Report and transfer of the bond (if one is in place). Additionally, the seller typically pays the REALTOR Â® fees.
However, in this market, we are seeing the sellerâ€™s paying some if not all of the buyerâ€™s closing costs. Most buyers do not have the money saved for 3.5% down payment & another 3/4% in closing costs. These costs are negotiable between the buyer & seller and not set in stone.
If you have any additional questions, please do not hesitate to contact me.
The buyer costs are all the costs associated with the loan, if the buyer is getting a loan, and also the cost to close the transaction and record the deed.