Closing Costs

There are various costs and fees involved in purchasing a home. The following list depicts an example of the costs you may be responsible for. Keep in mind that responsibility for some of these charges can be negotiable and the responsible party may vary from area to area.

1.) Title insurance premium (according to contract)
2.) Escrow fees (according to contract)
3.) Document preparation (if applicable)
4.) Notary fees
5.) Recording charges for all documents in buyer’s names
6.) Termite inspection (according to contract)
7.) Tax proration (from date of acquisition)
8.) Homeowner’s transfer fee
9.) All new loan charges (except those required by lender for seller to pay)
10.) Interest on new loan from date of funding to 30 days prior to first payment date
11.) Inspection fees (roofing, property inspection, geological, etc.)
12.) Home warranty (according to contract)
13.) Fire insurance premium for first year

See the link Home Buying Tips for a chart of the closing costs paid by the buyer

Ask us any question about buying a home in San Diego. It’s our job to help you! There’s no obligation, and we promise to respond quickly…