Guide to Customary Closing Costs in Alameda County and Contra Costa County

Buyers typically pay these closing costs on single family homes and condominiums.

*  Escrow fee (ask Title Co for quote).                                             $350-650
*  Owner's Insurance Premiums CLTA (ask Title Co for quote).      $450-1,500
*  Lender's Title Policy Premiums ALTA (ask Title Co for quote).
*  Document Preparation (ask Title Co for quote).                           $0-250
*  Notary Fees.                                                                                 $10.00 per sig.
*  Homeowner's Transfer Fee (typically on condo & townhomes)   $250-1600
*  Homeowner Association prorated monthly fees.
*  Tax proration (from date of acquisition).  Depends on currant owner prop taxes
*  Recording Charges for all documents in Buyer's names.
*  Fire Insurance Premium for first year.                                         $500-1500
*  Home Warranty (according to contract).                                      $250-650
*  Inspection Fees roofing $75-150,  property inspection $250-450 
   termite $175-270 , geological $125-175
*  50% of City Transfer fee  (see link to other page)
* All new loan changes like                                             Appraisal $400-650
    Origination fee,  Points, Underwriting, Flood cert.
*  Interest on new loan from date of funding to 30 days prior to 
    first payment date.
*  Transactional coordinator / Administration fee. Depends on agent Co policy.

Sellers typically pay these closing costs.

*  Real estate commission.                                                       $5%
*  Document preparation fee for deed. (ask Title Co for quote).
*  Notary fees                                                                            $10.00 per sig.
*  Listing agents recently have encouraged sellers to bay for all inspections up front so that buyers can make non contingent offers knowing the data in the reports.                                         Termite Inspection roofing  $175-270,
                                                                Property inspection  $250-450 
                                                                               Geological $125-175
*  Termite work, Roof work, Health and Safety items (according to contract).
*  Home warranty (according to contract).                                $250-650
*  Any judgments, tax liens, etc. against the seller.
*  Any unpaid homeowner's dues.
*  Any bonds or assessments (according to contract).
*  Any and all delinquent taxes.
*  Documentary Transfer tax or (County Transfer tax)  ($1.10 per $1,000 of sales price)
*  Any loan fees required by buyer's lender.
*  50% if city transfer tax ( see other page for brake down)
*  Recording charges to clear all documents of record against 
    seller (see preliminary title report).
*  Tax prorations of property taxes unpaid at the time of close.
*  Payoff of all loans in seller's name (or existing loan balance 
    being assumed by buyer).
*  Interest accrued to lender being paid off, statement fees, 
   reconveyance fees and any prepayment penalties.
*  Transactional coordinator / Administration fee.
The burden of paying closing costs are not set by law.  However government loan programs will often dictate who is required to pay when using their programs.  See FHA & VA for specifics 
Scott G Harrison 
Phone (510) 388-4536

Go to Sellers Net for further information on closing costs or Contact Scott and have him estimate your  proceeds.

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