Dana Cohen Homes   |  The Grubb Company  |  1960 Mountain Boulevard, Oakland CA 94611  |   calBRE# 01317652   |   510.813.0321   |   dcohen@grubbco.com

Estimating Closing Costs

A Guide to Estimating Closing Costs in Alameda County Including Piedmont, Oakland and Berkeley

 

Buyer Generally Pays For

 

  • Title insurance policy premiums

  • Escrow fee

  • Notary fee

  • Property tax proration (from date of acquisition)

  • Special delivery/courier fees

  • Document recording charges

  • Homeowners’ association transfer fee and prorata dues

  • City transfer tax (typically split with Seller, varies by city, 1.2 - 2.5% of sales price)

  • Home Warranty according to contract

  • Inspection fees according to contract (termite, roof, property, geological, etc.)

  • Matters of record against the buyer (tax liens, judgements, etc.) and fees required to clear them

  • Fire insurance premium for first year

  • Assumption/change of record fee, for takeover of existing loan

  • Lender’s new loan charges

  • Interest on new loan from date of funding to 30 days prior to first payment date

  • Other prorations (rents’ insurance, etc.) if applicable

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Seller Generally Pays For

 

  • Real Estate Commission

  • Document transfer tax ($1.10 per $1,000 of sales price)

  • Notary fees

  • Property tax proration (to date of acquisition)

  • Special delivery/courier fees, if required

  • Document preparation fees

  • Document recording charges

  • Homeowners’ association statement fee and prorata dues

  • City transfer tax (typically split with Buyer, varies by city, 1.2 - 2.5% of sales price)

  • Home Warranty according to contract

  • Work/repairs required according to contract

  • Matters of record against the property or seller (loans, tax liens, judgements, etc.) and fees required to clear them (statement fees, reconveyance/trustee fees and prepayment penalties)

  • Bonds and assessments according to contract