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Don't forget to factor in closing costs when considering a home sale or purchase. James J. Chou, Re/Max 2000 Realty is experienced at aiding both buyers and sellers when it comes to closings. E-mail or call us today at (626)964-8999 if your needs include a professional REALTOR® experienced in the business side of buying and selling.

Anticipated closing costs

There are certain standard costs accompanying closing the sale of a house. These fees are usually split between the buyer and seller, as dictated in the sales contract. Many are customary, but there are nuances to each, so you'll want a real estate expert in California to help lead you through the process.

Closing costs that are loan-related    (Learn more)

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

At closing, the following taxes are usually collected    (Learn more)

  • Property Taxes
  • Transfer Taxes and Recording Fees

At closing, these fees are often due    (Learn more)

  • 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 highest sales price, but I'll also advocate for lower 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: When purchasing 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 past experiences and is required to be within a tolerable range so you're not astonished when you reach closing time. I'll be happy to look over the GFE with you, answering your questions and highlighting any estimates in question.