Typical expenses incurred by the Seller as part of the sale of a property may include:

Ø       Cost of clearing title

Ø       Certificate of title

Ø       Abstract, continuation, title insurance when required by the sales contract

Ø       Attorney fees for drafting deed or assignment of lease, bill of sale

Ø       Conveyance tax

Ø       Broker’s commission

Ø       Escrow fee (shared with Buyer)

Ø       Interest in arrears (old loan)

Ø       Prepayment penalty on old loan (if applicable)

Ø       Survey and stacking (if required)

Ø       Termite inspection

Ø       Existing loan(s) payoff

Ø       Prorated property taxes