Home Selling in Milwaukee>Question Details

Susie, Home Seller in Milwaukee, WI

Who pays for the title company costs, the seller or the seller's realtor?

Asked by Susie, Milwaukee, WI Thu Aug 14, 2008

Thinking of selling and was wondering who would pay these costs? Does it come out of the realtor's commission, or do I have to pay that?

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Debby Thompson’s answer
In Wisconsin the seller pay for the sellers title policy, the closing and they have to pay to transfer the deed. This charge is paid to the state of Wisconsin. This fee run .30 per 1000. You will pay your property taxes from Jan 1 until the day of closing. You have to pay to get the pay off from your lender and to mail them the check to pay off your loan.
Web Reference: http://www.debbyrealtor.com
0 votes Thank Flag Link Thu Aug 14, 2008
You will pay for preparing the deed and your portion of the title company costs which will include courier fees to pay off your mortgage (usually $40) and filing fees to record the discharge of your mortgage (varies state to state, here is about $47). If your state has a transfer tax you will be required to pay half. You would also pay the realtor's commission at closing. The buyer pays his share of the closing costs. The agent is not responsible for closing costs.
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Thu Aug 14, 2008
Susie, typically the seller pays for their title and escrow costs. It does not come out of the Realtor's commission. Both the buyer and seller will have their own customary closing costs aside from the commission the seller agrees to pay the Realtors.
0 votes Thank Flag Link Thu Aug 14, 2008
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