Closing Costs

Closing Costs in The Chico, California

Closing costs are the various fees and charges a home buyer and seller are expected to pay when finalizing a real estate transaction. These expenses vary depending on the regulations in a particular area. You'll want to familiarize yourself with these costs, especially if you plan to buy a home in Chico.

Check out our original neighborhood page at https://www.chicohousehunter.com/.

Closing Cost Breakdown

Buyer's Closing Costs

Origination Charges and Points

Credit Report Fee

Appraisals

Title Insurance Premiums

Government Charges to Record the Loan

State and Local Transfer Taxes in Chico, California

Hazard Insurance

Initial Escrow Balances for Property Taxes and Insurance Paid at Closing

Seller's Closing Costs

Listing Agent Commission

For Sale by Owner (FSBO) Fees

Buyer’s Agent Commission

Escrow Fees

Title Search Fees

Mortgage Balance Payoff

Closing Cost Concessions

City or County Transfer Fees

Miscellaneous Seller Closing Costs in California

Notary Fees

Homeowners Association (HOA) Transfer Fee

Cost of Home Warranty

Termite Inspection Fee

Natural Hazard Disclosure Report

Lien Release Document Fee

Check out our original neighborhood page at https://www.chicohousehunter.com/.

Top Tips to Reduce Closing Costs

1. Get a Rebate from your Broker

Getting a discount from your broker is a good way to save money in your closing costs. There are many rebates a brokerage can offer to their client - you'll want to ask around what they have available. A common refund is if you visit properties on your own without a realtor, you can avail for the discount a company would typically give as commission to a realtor accompanying you when visiting a listing.

2. Research the many Fees Associated with your Closing Costs

You'll want to make sure you are familiar with the necessary closing costs associated with real estate transactions. Lenders typically have different terms for these costs and knowing which ones you could have removed will be essential steps to get a good deal.

3. Get Quotes from Multiple Lenders

The more lenders you talk to, the better deal you will most likely get. The market can be quite competitive, and if a lender is aware you are inquiring with their competitors, they will probably give you a better offer to close the deal.

4. Consider Buying a Resale Home

A brand new property usually have a higher purchase price and higher closing costs. Shopping around for a resale home is a good way to not only save in your closing cost but the total amount you have to pay to get a new home.

Check out our original neighborhood page at https://www.chicohousehunter.com/.

If you would like to receive a FREE Competitive Market Analysis, contact me today. Let Me Help You Find Your Chico, CA Home! If you are a buyer, it is important to have the assistance of a Buyer's Agent to represent you during the transaction. If you need additional assistance or would like to schedule a showing, contact our office at 530-570-5822. ************************************************************************************

POSTED BY

Hunter Hampton

530-570-5822

1260 East Ave, Suite 120

Chico, CA 95926