Seller Closing Costs

Seller Closing Costs:

• Any Existing Liens, Pre-pays, Judgements, Taxes (pro-rated) , HOA fees, Bonds & Assessments. (Some of these may not be applicable)

• Real Estate Commissions: Typically this is 6% of the home’s final sale price and is split with the buyer’s agent.

• Title Search (This is typically paid for by the buyer): Searches the property profile to ensure that there are no outstanding claims against the property, and if there are, that they are satisfied before the close of escrow.

• Title Insurance: There are two types of policies, the home buyer’s policy and the lender’s policy. Both policies protect either the home buyer or lender from unknown title claims. Negotiated.

• Escrow Fees: These fees are paid to the title and/or escrow company for miscellaneous services rendered, e.g. opening escrow, document preparation, notary, processing, recording, reconveyance preparation.

  • These associated fees may increase if additional documentation, processing, recording, and notarial services are needed to handle additional liens, judgements, deeds, etc.

• Varied Inspection Reports. (As Applicable)

• Natural Hazard Zone Disclosure Statement.

• City Transfer Taxes: These are assessed by some cities and are typically a percentage ranging from ~1%-~2% of the sales price. This fee is usually split but I would refer you to county standards shown here.

• County, Transfer Taxes: These are taxes paid for transferring title of the home, and the current breakdown is as follows in San Francisco as of 10/23/2020. Every other county in California has a county transfer tax of $1.10 per $1,000 and this is Seller paid.