Seller Closing Costs

Here is a list of potential costs:

• Real Estate Commissions - 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.  Since you are the seller, your listing agent should know several reliable  escrow companies in your area.
   
• Notary Fees - usually runs about $10 to $25 or more depending on the document that needs to be notarized
   
• Loan Fees - possible fees required by the buyer's lender if the buyer buys with a FHA or VA loan.  This amount can vary.
   
• Buyer may ask the seller to pay for their closing costs in the purchase contract.  Usually the buyer asks for up to 3% of the purchase price for closing costs to be paid by the seller.  You as the seller can negotiate this item.
   
• 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.  The best thing to do is get a termite inspection report of your home when you first get it listed for sale so you know what your costs will be.
   
• Natural Hazard Disclosure Report discloses to the buyer if the property is in an earthquake zone, fire hazard, etc.  You as the seller need to disclosue this to the buyer.  You can fill out the form yourself or have a third party company take the liability of it and create a report for the buyer.  Cost is about $99 to $139.  Check with your Realtor® for companies
   
• 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
  
  
• At the end of the sale, you receive a closing statement that itemizes all of the expensies. 

Your California 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 with Realtor commissions factored in when your are selling.  Review more helpful Home Selling Tips

Plus, we will send you a free copy of our new home selling report called.... "How To Avoid 7 Costly Mistakes When Selling Your Home".  If you have any questions, please call us at 800-300-6126

By submitting this form with your telephone number you are consenting for California Realtors®, Jay Valento & Stella Frize, with over 18 years of real estate experience, of Main Street Realtors. to contact you even if your name is on a Federal or State "Do not call List".  If you have any questions, call us at 800-300-6126 or Stella at 714-336-7554 or Jay at 562-413-7655.

Thank you for submitting your information. We will be in contact with you by phone or email.