Understanding Closing Costs as a Home Buyer & Seller

Understanding Closing Costs as a Home Buyer & Seller

Some of my most frequently asked questions from my clients have to do with closing costs. Here is some insight to help you understand those costs more! Keep in mind, in California certain fees depend on the county & city you are in. My tips below are what my clients experience.
 

Sellers

So you’re selling your home & you have a realtor helping you. Other than their fees, what other costs should you expect?
 
- Escrow fees
 
- Title Insurance
 
- Transfer Taxes
 
- Retrofit Compliance
 
- Notary and filing
 
- Loan payoff


Buyers

Other than the price of the house, what other costs should you expect?
 
- Escrow fees
 
- If getting a loan
 
 • Lender fees
 • Appraisal
 • Lender title insurance
 
- Homeowners insurance
 
- Proration of property taxes.
 
After those costs are covered, you can start planning any home improvements you’d like to make to your new home!! .....then your decor!!
 

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Investing in your piece of the American dream and becoming a homeowner boils down to the professional representation you implore to get the job done. Basya is your agent.

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