Guide to Customary Closing Costs in Alameda County

Buyers typically pay these closing costs.

*  Escrow fee (ask Title Co for quote).
*  Owner's Insurance Premiums CLTA (ask Title Co for quote).
*  Lender'sTitle Policy Premiums ALTA (ask Title Co for quote).
*  Document Preparation (ask Title Co for quote).
*  Notary Fees. 
*  Homeowner's Transfer Fee (if any).
*  Tax proration (from date of acquisition).
*  Recording Charges for all documents in Buyer's names.
*  Fire Insurance Premium for first year.
*  Home Warranty (according to contract).
*  Inspection Fees roofing, property inspection & geological.
50% of City Transfer/Conveyance Tax (according to contract)
*  Beneficiary statement fee for assumption of existing loan.
*  Assumption fees for takeover of existing loan
* All new loan changes (unless required by lender for seller to pay).
*  Interest on new loan from date of funding to 30 days prior to
   first payment date.
*  Transactional coordinator / Administration fee.

Sellers typicaly pay these closing costs.

*   Real estate commission.
*  Document preparation fee for deed. (ask Title Co for quote).
*  Notary fees
*  Termite Inspection (according to contract).
*  Termite work (according to contract).
*  Home warranty (according to contract).
*  Any judgments, tax liens, etc. against the seller.
*  Any unpaid homeowner's dues.
*  Any bonds or assessments (according to contract).
*  Any and all delinquent taxes.
*  Documentary Transfer tax ($1.10 per $1,000 of sales price)
*  Any loan fees required by buyer's lender.
50% if city transfer/conveyance tax (according to contract)
*  Recording charges to clear all documents of record against
   seller (ask Title Co. if any apply).
*  Tax prorations of property taxes unpaid at the time of close.
*  Payoff of all loans in seller's name (or existing loan balance
   being assumed by buyer).
*  Interest accrued to lender being paid off, statement fees,
  reconveyance fees and any prepayment penalties.
*  Transactional coordinator / Administration fee.
The burden of paying closing costs are not set by law.  However government loan programs will often dictate who is required to pay when using their programs.  See FHA & VA for specifics
Scott G Harrison
Phone (510) 388-4536

Go to Sellers Net for further information on closing costs or Contact Scott and have him estimate your  proceeds.

City of Alameda
In Castro Valley
City of Danville
City of Dublin
City of Fremont
City of Hayward
City of Livermore
City of Oakland
City of Newark
City of Pleasanton
City of San Leandro
In San Lorenzo
City of San Ramon
City of Union City
City of Walnut Creek
First Time Buyer Progrms,

Cities with Transfer Taxes,

Short Sales & Foreclosures
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Condominiums & Townhomes

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Which closing costs are tax-deductible?
Short Sales & Foreclosures
Condominiums & Townhomes