Don't forget to factor in closing costs when considering a home sale or purchase. Keller Williams Realty is experienced at helping both buyers and sellers when it comes to closings. E-mail or call us today at (818) 384-6400 if your needs include a professional REALTOR® experienced in the business side of buying and selling.

Closing costs you should expect

There are certain basic fees accompanying closing the sale of a house. These costs are commonly split between the buyer and seller, as instructed in the sales contract. Many are conventional, but there are nuances to each, so you'll want a real estate expert in California to help guide you through your deal.

Closing costs that are loan-related    (Click here for details)

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

Taxes commonly paid at closing    (Click here for details)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Click here for details)

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

Sellers: As we negotiate your sale, not only will I work to get the very best sales price, but I'll also push for limited closing costs. And once we've reached an agreement, I'll fully clarify the closing costs so you are aware of exactly what you're paying for.

Buyers: If you're buying a property in Los Angeles County, you'll get a "Good Faith Estimate" (GFE) of closing costs within three days of submitting your loan application. The estimate is based on the loan officer's prior experience and is required to be within a tolerable range so you're not shocked when you show up at closing time. I'll be happy to review the GFE with you, answering your questions and highlighting any estimates that seem unusual.

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