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Which party pays a certain expense in a residential closing is largely a matter of negotiation. The following list indicates the party who usually pays the expense. This list should not be construed as indicating that a particular party must pay an expense.
 

Expense Item	Buyer	Seller
Real Estate Commission		X
Appraisal Fees	X
Loan Fees	X
Owner's Title Insurance Policy		X
Mortgagee's (Lender) Title Insurance Policy	X
Preparation of warranty deed		X
Preparation of loan documents	X
Survey	X
Home Warranty		X
Recording Fees	X
Tax Certificates		X
Tax & Insurance Reserve Deposits	X

This Web Site is regulated by rules promulgated by the Texas Supreme Court. Hancock & McGill, LLP is responsible for the material contained in this Web Site. Attorneys licensed by the State Bar of Texas. Not certified as having special competence in a particular area of law. The law firm's office is located at 6010 Balcones Drive, Suite 100, Austin, Texas 78731. The information included in this Web Site is not intended as legal advice. Readers should consult an attorney before relying on the information provided.
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6010 Balcones Drive, Suite 100

Austin, Texas 78731

                   512-459-6010