An elegant white clock featuring 'DANIELLE LAZIER REAL ESTATE LOGO' on a sleek black background.Vivre Real Estate logo

Can you get my Tab? What are customary Closing Costs

July 21, 2008

Understanding Customary Closing Costs


 
 

Who Pays for What in San Francisco County

In San Franciso County, the Seller normally pays:In San Franciso, the Buyer normally pays:
  •  Real Estate Commissions
  •  Title insurance premiums
  •  Document preparation fee for Deed
  •  Document preparation (if   applicable)
  •   Documentary transfer tax
  •  Escrow fee
  •  Notary fees
  •  Notary fees
  •  Payoff of all loans in seller's name (or   existing loan balance if being assumed by   buyer)
  •  Recording charges for all   documents in buyers' name
  •  Interest accrued to lender being paid off,   statement fees, reconveyance fees   & any prepayment penalties
  •  Termite inspection (according    to contract)
  • Termite inspection and/or work   (according to contract)
  • Homeowners association   transfer fee (negotiable)
  •  Home warranty (according to   contract)
  •  All new loan charges (except   those required by lender for   seller to pay - see note)
  •  Any judgments, tax liens, etc.   against the seller
  •  Interest on new loan from date   of funding to 30 days prior to   first payment date
  •  Tax proration (for any taxes unpaid at the   time of transfer of title)
  •  Assumption/change of record   fees for takeover of exising loan
  •  Recording charges to clear all   documents of record against seller
  •  Beneficiary statement fee for    assumption of existing loan
  •  Any unpaid homeowners dues
  •  Inspection fees (roofing,   property inspection, geological,   etc.)
  •  Any bonds or assessments (according to   contract)
  •  Tax pro-ration (from date of   acquisition)
  •  Any and all delinquent taxes
  •  Home warranty (according to   contract)
  •  Note: On some FHA, VA or other   government-backed loans, the seller   would pay some loan fees that the buyer   cannot pay due to lender requirements.
  •  City transfer/conveyance tax   (according to contract)
 
  •  Fire Insurance premium for the   first year
 
 

 

Yelp logo
296 reviews
View All
Zillow logo
176 reviews
View All
Danielle Elazier Realtor on Google My Business- image of Google my business logo
117 reviews
View All

Danielle lazier real estate team

We care deeply about our clients and our commitment to exemplary results. Working with us should be a good fit for you. If you feel our team is the right fit for you and you’d like to talk with Danielle to make sure, contact us today for your complimentary initial consultation.
Contact Me

Do You Need Another Real Estate Newsletter?

Probably not. Yet, in our biased opinion, you should definitely sign up for our twice-monthly email for market insights, webinar invites, local news, gorgeous homes, and more. We never share or sell your information. And, when you’re ready to work with us, please email or call to discuss your plans. We’d love to help!

Danielle Elazier botanical illustration - 3 different California poppy flower branches. Black and white with line art
View Full Street Address SAN FRANCISCO, CA 94114 (415) 528-7355 ©2008 VIVRE REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY. ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED AND SHOULD BE INDEPENDENTLY REVIEWED AND VERIFIED.
enteruserclockcross