What closing costs should you expect?

There are certain basic fees related to closing the sale of a house. These costs are commonly divided between the buyer and seller, as dictated in the sales contract. Many are universal, but there are nuances to each, so you'll want a real estate expert in California to help guide you through your deal.

Costs pertaining to your mortgage to be paid at closing    (Click here for details)

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

Taxes you may be responsible for at closing    (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 hammer out your sale, not only will I work to get the very best sales price, but I'll also campaign for reduced closing costs. And once we've arrived at an agreement, I'll explain in detail the closing costs so you are informed of exactly what you're paying for.

Buyers: If you're buying a house 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 previous experience and is required to be within a suitable range so you're not astonished when you arrive at the closing appointment. I'll be glad to look over the LE with you, answering your questions and highlighting any estimates of concern.