What closing costs should you expect?

There are certain ordinary expenses accompanying closing the sale of a house. These expenses are commonly split between the buyer and seller, as spelled out in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in California to help lead you through the process.

Closing costs that are tied to financing (Click here for details)

Points (optional)
Appraisal Fee
Credit Report
Interest Payment
Escrow Account

At closing, these taxes are usually collected (Click here for details)

Property Taxes
Transfer Taxes and Recording Fees

Insurance fees due at closing (Click here for details)

Homeowners Insurance
Flood or Quake Insurance (optional)
Private Mortgage Insurance (PMI) (optional)
Title Insurance

Sellers: As we negotiate your transaction, I'll not only work to get the optimal sales price, but I'll also push for lower closing costs. And once we've arrived at an agreement, I'll give a detailed list of the closing costs so you know exactly what you're paying for.

Buyers: If you're purchasing a property in Los Angeles County, you will be given a "Loan Estimate" (LE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's past experiences and is required to be within a tolerable range so you're not shocked when you come to the closing appointment. I'll be glad to look through the LE with you, answering your questions and highlighting any estimates that appear to be out of the ordinary.

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What closing costs should you expect?

Closing costs that are tied to financing (Click here for details)

At closing, these taxes are usually collected (Click here for details)

Insurance fees due at closing (Click here for details)

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