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Customary closing costs vary slightly from county to county. I will address here Santa Clara County customary closing costs since that is where I do the majority of my business. For closing costs in other counties, leave me a message and I will make sure you to get the information.
For Buyers, 2% of the purchase price plus points. In Alameda and San Mateo Counties it is 2.5%. For Sellers, 2% of the sales price plus commission. In Alameda and San Mateo Counties it is 1.5%. Here are most of the details: County Transfer Tax -Seller- City Transfer Tax 50% Buyer 50% Seller Appraisal Fee -Buyer- Home Warranty -Seller- Credit Report -Buyer- Policy of Title Insurance -Seller- Alta Policy of Title Insurance -Buyer- Preliminary Title Report -Seller- Drawing Buyers Papers, Notary -Buyer- Drawing Sellers Papers, Notary -Seller- Recording, Tax Service Fee -Buyer- Escrow Fee -Seller- Loan Origination Fee (Points) -Buyer- Reconveyance Fee -Seller- Lenders Document Preparation Fee -Buyer- Forwarding and/or Trustees Fees -Seller- Misc. Lender Fees, Appraisal Review -Buyer- Discount Points on New FHA or VA Loan -Seller- Private Mortgage Insurance (PMI) -Buyer- FHA Insurance Premium -Seller- Prepaid Interest -Buyer- Geological & Flood Report -Seller- Impound Account -Buyer- Prepayment Penalty -Seller- Homeowners Association Doc. Fees -Buyer- Brokerage Commission -Seller- Structural Pest Control Inspection -Buyer- Structural Pest Control Repairs -Buyer Section 2 -Seller Section 1 Property Home Inspection -Buyer- Plumbing Leaks, Broken Glass -Seller- System Repairs, ex: Electrical -Seller- Roof Inspection -Buyer- Roof Repairs -Seller- Pool Inspection -Buyer- Pool Repairs -Seller- Property Taxes Prorated as of Close of Escrow Fire Insurance -Buyer- Homeowners Dues Prorated as of Close of Escrow Rents Prorated as of Close of Escrow Interest on Assumed Loan(s) Prorated as of Close of Escrow
Email:
buyerbroker@sbcglobal.net
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