Table of Contents

1. Newest Interest Rate
2. Selling Costs
3. Buying Costs

Interest Rate

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The Costs of Selling

In a typical real estate transaction, different types of costs are involved. Some costs are dedicated to one party (either buyer or seller), and some costs are shared between the two parties (e.g., escrow fee is split between the buyer and seller). In the list below, I've listed the general costs of selling involved and have categorized them based on the seller that is responsible for them:

Estimated Seller's Costs

1. Policy of Homeowner's Title Insurance (calculated on Sales Price, i.e. $1,500-$1,600 for a $500,000 property)
2. Escrow Fee for seller (calculated on Sales Price, i.e. approx. $1,300-$1,500 for a $500,000 property)
3. Notary Fee (approx. $40)
4. L.A. County Document Transfer Fee ($1.10 per thousand dollars)
5. Termite Inspection & Work (varying on the condition of the house)
6. One Year Home Protection Plan ($250 for Basic Warranty Price)
7. Natural Hazard Zone Disclosure Report ($50-$100)
8. HOA Transfer Fee ($300-$500)
9. Proration of Property Taxes
10. Compensation and Fees to Broker (5% of Sales Price)
11. Recording charges to clear all documents against the seller
12. Any delinquent taxes
13. Any liens or judgments against the seller
14. Miscellaneous (Certificate of Occupancy, Messenger Fees, ...)
15. 3 1/3% of sale price required to be withheld to the franchise tax board for the state of California (Investment Properties only)

The Costs of Buying

In a typical real estate transaction, different types of costs are involved. Some costs are dedicated to one party (either buyer or seller), and some costs are shared between the two parties (e.g., escrow fee is usually split between the buyer and seller). In the list below, I've listed the general costs of buying involved and have categorized them based on the Buyer that is responsible for them:

Estimated Buyer's Costs

1. Home Inspection Fee (starting at $200)
2. Escrow Fee for buyer (calculated on Sales Price, i.e. approx. $1,300-$1,500 for a $500,000 property)
3. Policy of Title Insurance for lender (calculated on Sales Price, i.e. approx. $700+ for a $500,000 property)
4. Mortgage & Lender's Loan Fees/Points (it varies)
5. Appraisal Fee (starting at $250)
6. Interest on new loan from date of funding
7. Recording Fees for documents in buyer's name (approx. $100+)
8. One year Fire Insurance (approx. $500+)
9. Prorated property taxes (it depends on the date of Close of Escrow)
10. Notary Fee (approx. $40)
11. Miscellaneous (messenger fees, ...)

If you have any questions regarding real estate, please feel free to call Pearl Chen at (626) 643-6666. Thank you.

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