Expected closing costs
There are certain standard costs related to closing the sale of a house. These expenses are commonly divided between the buyer and seller, as directed in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in California to help guide you through the process.
Costs pertaining to your mortgage to be paid at closing
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- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, the following taxes are usually paid (Learn more)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (Learn more)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
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Sellers: As we hammer out your deal, I'll not only work to get the very best sales price, but I'll also push for reduced closing costs. And once we've arrived at an agreement, I'll describe in detail the closing costs so you are aware of exactly what you're paying for.
Buyers: When purchasing real estate in Alameda County, you will receive a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's past experiences and is required to be within a suitable range so you're not astonished when you show up at closing time. I'll be happy to go over the LE with you, answering your questions and highlighting any estimates that seem off. /Apps/Forms/LeadFormViewer.aspx?FormID=49657&GroupID=830317&PageName=ClosingCosts&AWSAccountPageID=72280752&NotificationEmail=