Closing costs you should expect

There are certain standard costs linked to closing the sale of a house. These fees are commonly split between the buyer and seller, as noted 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 lead you through your deal.

Costs pertaining to your loan to be paid at closing    (Click here for more information)

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

At closing, the following taxes are usually collected    (Click here for more information)

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing    (Click here for more information)

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

Sellers: As we get through the details of your deal, I'll not only work to get the very best sales price, but I'll also advocate for reduced closing costs. And once we've come to an agreement, I'll describe in detail the closing costs so you are informed of exactly what you're paying for.

Buyers: When buying a home 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 reasonable range so you're not surprised when you get to closing time. I'll be happy to look through the LE with you, answering your questions and highlighting any estimates that seem off.