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.
* 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.
* 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.
