Closing Costs

There are a number of different costs associated with buying or selling real estate. Many of these costs are negotiable between the parties. In our area, some of these costs typically are paid by one party or the other. Below are some examples of these costs:

Typical Seller Expenses:

  • Wood Destroying Pest Inspection – $175-$225
  • Natural Hazard Report – $100-$150
  • County Transfer Tax – $1.10 per $1000 of sales price
  • Home Warranty for Buyer – $300-$450
  • HOA Transfer & Document Fees, if any – $200-$600
  • Recording, Notary & other misc. fees to Title Company – $250-$350
  • Real Estate Brokerage Fees – 4% – 6% of sales price

Typical Buyer Expenses:

  • Escrow Fee – Depends on Sales Price, typically $700-$1000
  • Owner’s Title Insurance Policy – Depends on Sales Price, typically $1200-2000
  • Lender’s Title Insurance Policy – Depends on Loan Amount, typically $400-$1000
  • New Loan Fees & Points – Determined by buyer’s lender
  • Recording, Notary & other misc. fees to Title Company – $250-$350
  • Home Inspection – $400-$500
  • Additional Inspections – Varies