Which expense is usually paid by the seller during a real estate transaction?

In a real estate transaction, the satisfaction of existing liens is typically the responsibility of the seller. This means that if there are any outstanding liens on the property, such as mortgage liens or tax liens, the seller must clear these encumbrances before or at the time of closing. This ensures that the buyer receives clear and marketable title to the property, free from any legal claims that could hinder their ownership.

Liens can represent significant financial obligations, and it is crucial for the new owner that these debts are settled prior to the transaction's completion. By paying off liens, sellers not only facilitate a smoother transfer of ownership but also protect the buyer's financial interests in the property.

In contrast, home warranty fees, inspection fees, and closing costs can sometimes be negotiated between the buyer and seller, depending on the terms of the agreement. These expenses may not have the same obligatory nature as the satisfaction of liens, making the seller's responsibility for clearing liens distinct in this context.