Fees required for appraisals and borrowing funds from lenders are usually required to be paid by the buyer and are paid at the closing typically.
Fees associated with environment audits, home and structural inspections, are paid up-front and are mostly paid by the buyer. Sellers can sometimes pay for these before listing the property
in order to make it more attractive and entice more buyers.
In most cases, the buyer will pay for the lender’s title insurance
cost and the seller pays for the owner’s policy. In some cases, however, the buyer will have to pay title insurance for himself and the lender. This is usually paid at the closing as a one-time fee.
TAXES AND PROPERTY INSURANCE
Taxes and property insurance fees are prorated as of the date of closing in most purchase agreements.