This chart shows what things each party (buyer or seller) is expected to pay in a typical real estate transaction: Seller Buyer Real estate commission Document preparation fee for deed Document transfer tax, if any Payoff of all loans in
8 Basic Steps to a Real Estate Transaction
There are usually two parties in a real estate transaction, the owner (grantor) and the person or entity to which the owner grants or transfers ownership (grantee). Since you are likely either selling or buying real estate, the following applies