Closing costs you should expect
There are certain expected costs associated with closing the sale of a house. These fees are often split between the buyer and seller, as instructed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in California to help guide you through the transaction.
- Points (optional)
- Appraisal Fee
- Credit Report
- Interest Payment
- Escrow Account
At closing, these taxes are usually collected (More information)
- Property Taxes
- Transfer Taxes and Recording Fees
At closing, these fees are often due (More information)
- Homeowners Insurance
- Flood or Quake Insurance (optional)
- Private Mortgage Insurance (PMI) (optional)
- Title Insurance
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Sellers: As we get through the details of your sale, I'll not only work to get the highest sales price, but I'll also campaign for reduced closing costs. And once we've arrived at an agreement, I'll explain in detail the closing costs so you are informed of exactly where your money is going.
Buyers: If you're buying real estate in Alameda County, you'll 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 previous experience and is required to be within an appropriate range so you're not stunned when you show up at the closing table. I'll be willing to look at the LE with you, answering your questions and highlighting any estimates that seem questionable. /Apps/Forms/LeadFormViewer.aspx?FormID=49657&GroupID=830317&PageName=ClosingCosts&AWSAccountPageID=72280752&NotificationEmail=