Guide to Customary Closing Costs in Alameda County and Contra Costa County
Buyers typically pay these closing costs on single family homes and condominiums.
* Escrow fee (ask Title Co for quote). $350-650
* Owner's Insurance Premiums CLTA (ask Title Co for quote). $450-1,500
* Lender's Title Policy Premiums ALTA (ask Title Co for quote).
* Document Preparation (ask Title Co for quote). $0-250
* Notary Fees. $10.00 per sig.
* Homeowner's Transfer Fee (typically on condo & townhomes) $250-1600
* Homeowner Association prorated monthly fees.
* Tax proration (from date of acquisition). Depends on currant owner prop taxes
* Recording Charges for all documents in Buyer's names.
* Fire Insurance Premium for first year. $500-1500
* Home Warranty (according to contract). $250-650
* Inspection Fees roofing $75-150, property inspection $250-450
termite $175-270 , geological $125-175
* All new loan changes like Appraisal $400-650
Origination fee, Points, Underwriting, Flood cert.
* Interest on new loan from date of funding to 30 days prior to
first payment date.
* Transactional coordinator / Administration fee. Depends on agent Co policy.
Sellers typically pay these closing costs.
* Real estate commission. $5%
* Document preparation fee for deed. (ask Title Co for quote).
* Notary fees $10.00 per sig.
* Listing agents recently have encouraged sellers to bay for all inspections up front so that buyers can make non contingent offers knowing the data in the reports. Termite Inspection roofing $175-270,
Property inspection $250-450
* Termite work, Roof work, Health and Safety items (according to contract).
* Home warranty (according to contract). $250-650
* 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 or (County 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 (see preliminary title report).
* 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.