Closing Costs

Closing Costs in Placerville, CA

Closing costs are the various fees you have to pay when you finalize a real estate transaction. These costs can vary depending on your state and city, and it is an important consideration when you are planning to buy or sell a home. You would want to discuss about the various fees you have to pay with your realtor when you buy a new home, especially if it's your first time purchasing a property. A good guideline to use when trying to figure out the amount is by identifying the average home price in an area or the actual price of the house you are looking to buy. Closing costs typically are between 2% and 5% of this amount.

Check out our original blog post at https://placervillehomes.com/.

Closing Cost Breakdown

Buyer's Closing Costs

Closing Attorney

Title Search

Title Insurance

Appraisal Fee

Property Inspection Fee

Recording Fee

Origination Fee

Points (Optional)

Surveying Fee

Settlement Fee

Property Tax

Condo or HOA Fees

Flood Certification

Credit Report

Mortgage Recording or Deed of Trust

Homeowners Insurance

Hazard Insurance

Mortgage Insurance

Archive and Courier Fee

Miscellaneous Condo Fees

Mello-Roos CFD Taxes

Seller's Closing Costs

Broker Fees

Own Attorney

Transfer Tax

Property Tax

Document Preparation Fee

Recording Fees

Escrow Fees

Mortgage Payoff

Courier and Wire Transfer Fee

Home Warranty Fee

Condo or HOA Fees

Miscellaneous Condo Fees

Check out our original blog post at https://placervillehomes.com/.

Tips to Reduce Closing Costs

Whether you are planning to buy a new home or are selling a property in Placerville, you'll want to make sure you can get the best deal possible in the transaction. Our list below showcases a few things you can do to reduce the total amount you have to pay when closing a real estate deal. Although these tips can vary depending on your deal, you may want to consider them for your home purchase.

Get a quote from multiple lending companies. Identify which fees are fixed and which ones are flexible. Ask your lender for discounts you can use. Be wary of deals that are too high or too low. Set your closing date at the end of the month to save on your monthly per diem interest.

Check out our original blog post at https://placervillehomes.com/.

If you would like to receive a FREE Competitive Market Analysis, contact me today. Let Me Help You Find Your Placerville, 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 530-647-0865. ************************************************************************************

POSTED BY

Rhonda Moffett

530-647-0865

3025 Sacramento St., Placerville, CA 95667-6481