Bill, as an Attorney, past Real Estate Broker, and one who has bought and sold several pieces of real estate, I can give you some "typical" closing costs and "typically" who pays what and why BUT STILL EVERYTHING IS NEGOTIABLE regardless whats "typical"
1) If you give the Seller a ton of cash, in return you want a WARRANTY DEED (seller pays),,,,,,,,,,,A Title Insurance Policy to insure quality of title you paid all that money for (seller pays),,,,,,,,,,,,a Vendors Affidavit (seller pays),,,,,,,,it would be good to have a survey to show an experts opinion of boundaries and Id ask the seller to pay for such HOWEVER that can go either way BUTTTTTTTTTTTTTTT if you needed a mortgage and the bank required it, then that's the buyers problem and typical cost.
2) If the seller hires a broker he typically pays the agreed to and contracted for sales commission, not the buyer who isn't under contract or obligation with the selling broker.
3) Once the seller signs seals and delivers a Warranty Deed, he has completed his obligations so why does he care if you record it soooooooooooo its typically the BUYER who pays for deed recordation and other county transfer fees or auditors transfer fees etc.
4) Typically the real estate taxes are pro rated, seller pays his share and you yours based on date of closing, but often they are just rounded like he pays 2016 and you pay 2017.
5) If you want inspections that's your cost WELL DUH
Sure everything is negotiable and these are ONLY typical guidelines and customs. Basically you give him money so he has to give you a Deed and you can want a survey but who pays is ????????? Once you pay and he delivers the Deed, its in your best interest to have it recorded and pay transfer fees.
Things vary by sates and custom these are ONLY typical guidelines so Billy Bob and Bubba don't have a calf now if you did it different.
In order to be legally enforceable contracts for the sale of real estate need to be reduced to writing to satisfy the statute of frauds.
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