What fees are paid by the seller?
What fees are paid by the seller?
What fees do sellers pay at closing?
| Closing Fee | Average Cost |
|---|---|
| Transfer taxes and recording fees | 0% to 1% of sale price |
| Owner’s title insurance | 0.1% to 0.5% of sale price |
| Escrow fees | $500 to $3,000 |
| Seller’s attorney fees | $800 to $1,500 |
Do buyers pay realtor fees in California?
Who pays realtor fees in California? In California, home sellers pay real estate commission fees out of the final sale proceeds for both agents involved in a deal. However, since this commission is baked into the sales price, you could say that the home buyer is paying — at least in part — through a higher price.
Who pays closing costs in California?
There is no state or county law that dictates who pays which closing costs in California, between the home buyer and seller. It usually comes down to two things — local customs and negotiations. Even so, there are certain closing costs that are usually paid by the buyer, and some that are typically paid by the seller.
How much are closing costs in CA?
Home buyers can expect closing costs in California to average 2% to 3%. There are two types of expenses: one-time (non-recurring) and recurring (pro-rated or ongoing). For example, if you buy a home in Los Angeles for $800,000, your one-time and recurring closing costs would range from $16,000 to $24,000.
Can the buyer and seller have the same agent?
Dual agent – A real estate agent may act as a double agent representing both the buyer and the seller in a real estate transaction but only with both parties’ express consent. A dual agent shall be neutral concerning any conflicting interests of the seller and buyer.
Is dual agency a good idea for the seller?
To protect your finances and ensure you are selling or buying at the best possible price, it is probably best to avoid dual agency. Buyers or sellers may be inclined to work with a dual agent because they want to obtain confidential information about the person buying or selling the home.
