California closing costs when selling a house, what are they and who pays them

Closing costs to sell a house in California vary depending on the purchase price and location.

Typical closing costs include document preparation fees, title insurance fees, escrow fees, deed transfer taxes, hazard insurance, homeowner’s association dues, and loan pay off fees.

Total estimated closing costs can range from 2-5% of the purchase price.

California Closing Cost When Selling a House

In California, buyers of a residential property are required to purchase an Owner’s Policy Title Insurance.

This type of insurance provides protection against problems with the title of the property that were not discovered during the title search process, and may include items such as liens, encumbrances, or other claims against the title.

If you have liens on your property, you may need to contact your local government to learn more about how to deal with them.

You may need to work with an attorney or a financial advisor to help you sort out the details and get them taken care of.

Depending on the type of lien, you may be able to have them removed or settled through negotiation or by paying off the debt.

Yes, escrow can work with you to pay liens on a house when you sell a property.

In California, we have escrow companies and the Escrow process.

They will work with the seller and the buyer’s lender to arrange for all the necessary funds and documents to be in place at closing so that any liens can be paid off in full.

Yes, there are several special financing options available for buyers who want to purchase a house in California.

Some of these include FHA loans, VA loans, Rural Housing Loans, CalHFA loans, CalVet Home Loans, and down-payment assistance programs.

These last few articles I wrote this month were to give you a very general overview of selling a house in California.

If you would like more information or  have questions about selling a house, just call or text me

Steve Olmos
Selling real estate in Southern California since 1980

Real Estate is our business and our clients keep us in business by using our services

Steve Olmos: www.looingrealestate.com/contact information
Homequest real estate

Diana Olmos: www.mortgagemarketingmentor.com
Statewide Funding Inc