Seller Closing Costs

When you sell your property in California, there are costs associated with the sale of the property. 

Here is a list of potential costs:

• Real Estate Commission - a good agent can help you get the highest price that the market will bear for your home.  But don't expect full service if you want to pay them a discount.  See Compensation for more details.
   
• Documentation Preparation Fee for transferring the deed
   
• Escrow Fees - your escrow officer is the key to a smooth transaction.  If you are the seller, your listing agent should know who the best escrow company is in the local area.
   
• Notary Fees - usually runs about $10 to $20 or more depending on the document that needs to be notarized
   
• Possible fees required by the buyer's lender if the buyer buys with a FHA or VA loan.
   
• Buyer may ask the seller to pay for their closing costs in the purchase contract.
   
• Demand Fee - your bank that has your loan now charges a fee for document so your loan can be paid off through the sale in escrow.
   
• Termite Work - in California, there are two sections to the Termite Report; Section 1 covers infestation of termites and Section 2 covers future items that may happen
   
• Natural Hazard Disclosure Report discloses to the buyer if the property is in an earthquake zone, fire hazard, etc.  Cost is about $99 to $119.
   
• Environmental Disclosure Report discloses if your property has an oil well on it or had one in the past...along with other issues.
   
• Tax Prorations - if any for unpaid taxes
   
• Any bonds or assessments
   
• Any unpaid homeowner's association dues (if a condo, town home or your property is in a planned unit development).
   
• Home Warranty plans - after you have moved out, the home warranty company's policy will covered service problems - offering you additional after-sale liability protection.
   
• Any City Transfer or County Tax
   
• Document Transfer Tax

Your Realtor® can provide you with an estimated Net Sheet with different sale's prices and purchase scenarios so you will know how much you may receive at the closing of your transaction.

Typically, figure about 8% of the sales price for your closing costs.  Review more helpful Home Selling Tips

What is the Value of Your Home or Condo in Southern California? 
 

Find out the current value.  Receive an Estimated Closing Costs Net Sheet plus our new Free Report on "How To Avoid 7 Costly Mistakes When Selling Your Home".  There is no cost or obligation.  We recognize that your online privacy is important to you, so we will not be selling or transferring your information to any third party companies.  Tell us a little about your home so we can determine the value, provide you with a closing cost net sheet and send you a free report too!!!