Closing Costs

There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract.

As I negotiate the sales contract for you, I will not only work to get the sales price you want, I will also work to limit the number of closing costs for which you will be responsible.

I will walk you through the closing costs, answering any questions you may have explaining which costs are decreed by law to be yours and which are negotiable.

Good Faith Estimate

Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender. The estimate is based on the loan officer's past experience and may not include all the closing costs. I will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates I believe to be low.

Standard Closing Costs

Loan-Related Costs

  • Loan Origination Fee
  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

Taxes

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance

  • Homeowners Insurance
  • Flood or Quake Insurance
  • Private Mortgage Insurance (PMI)
  • Title Insurance

 

Southern California Beach Cities Real Estate
Income Properties, Apartment Buildings, Multi-Units, Brand New Construction, Luxury Homes, Vacation Homes, Condos, Town homes, Single Family Homes, Own Your Own, Bank Owned, REO's, Bank foreclosures, Fixers, Short sales, Distressed Properties
Horse Property, Beach Front, Ocean View Homes.

 

DAVID FRAZER
310.755.4724
REALTOR®

Please feel free to browse through this site to explore the Los Angeles County beach communities of Redondo Beach, Torrance, Hermosa Beach, Manhattan Beach, El Segundo, Palos Verdes, Rolling Hills, Lomita, Gardena, Marina Del Rey, Santa Monica, and Malibu CA.
 
Direct access to the latest properties for sale in your area. Featuring extensive community information, consumer links, school information, free reports, answers to commonly asked real estate questions, and more, youll you will everything about real estate within one easy source. Dave Frazer specializes in the westside and south-bay areas of Los Angeles, California.

If you currently own property and are thinking of placing it on the market, this site contains information about preparing your home for sale, selecting the right agent, pricing your home appropriately, marketing it effectively, going through the inspection processes, and successfully closing the sale.


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