California Home Seller Close Cost Calculator

Buyer’s Agent Fee: $20,825 – $24,990

In the past, sellers covered the fees for listed agents and buyer agents. But, afterward Landmark court settlement In the National Association of Real Estate Brokers, buyers are expected to compensate directly with their agents. If you are Provide this fee To attract buyers, you can expect to pay $20,825-24,990 in a California home worth $833,000.

Detailed closure fee: $8,330

California closes about 1.0% of the home selling price on average. In a median home priced at $833,000, you might have to pay $8,330. Here are some typical types of settlement cost you can expect:

• Family preparation: This includes efforts to improve California homes Curb appealsuch as professional house cleaning, landscaping or home stage.
• Renovation/repair: Repair or update your California property Meet the buyer’s expectations or inspection request.
• Ownership service fee: Work in a property company Legal ownership needs to be verified and help manage the transfer of the home.
• Owner’s Title Insurance: One-time insurance premium Pay to protect the buyer from ownership issues or ownership disputes. Although often paid by the seller, this fee is sometimes paid by the buyer, depending on the location of your home.
• Transfer Tax: California home sellers pay a state transfer tax rate of $0.55 for every $500 of the property’s value. Local municipalities usually charge their own additional transfer tax. (See more below.)
• Recording fee: Fees paid to local governments formally record changes in property ownership.
• Buyer incentives: credit or concession You may offer buyers, such as payment Buyer’s agency fee or funds a Buy Lower the buyer’s interest rate.
• Other fees: Miscellaneous fees not covered by other categories, such as attorney fees and HOA transfer fees. (one Lawyers don’t need to sell their homes in California. )
• Mobile fees: While not technically traditional settlement costs, you may need to include this fee in your plan, which may be from $883 arrive $7,000.

In California, sellers are usually responsible for paying real estate transfer tax, also known as Documentary transfer tax. Although the seller is used to paying this fee, the fee can be negotiated between the buyer and the seller. The typical interest rate in the state is $1.10 for every $1,000 (or $500 $0.55) worth of the property.

also, Many local governments in California Implement your own transfer tax on home sales. For example, the transfer tax in San Francisco ranges from $2.50 to $30.00 / $500 The value of the property, depending on the price. You can use the “Other Fees” field to place your local transfer taxes in our calculator.