wpe1.gif (6042 bytes) Your Home Buying Guide
SECTION 1
*Advantages of home ownership
*Question & answer
*Glossary for the home buyer

SECTION 2
*Types of policies
*Common methods of holding title
*Common ways of holding title to real property

SECTION 3
*Who pays what?
*Alameda County closing costs
*Tax calender

WHO PAYS WHAT? An Estimate Guide to Closing Cost (Closing Cost Are Always Negociable)
The SELLER can generally be expected to pay for: The BUYER can generally be expected to pay for:
  • Real Estate Commission
  • Document preparation fee for Deed
  • Documentary transfer tax ($1.10 per $1,000 of sales price)
  • Any City Transfer/ Conveyance Tax (according to contract)
  • Any loan fees required by buyer’s lender
  • Payoff of all loan balance if being assumed by buyer)
  • Interest accrued to Lender being paid off, Statement Fees, Reconveyance Fees and any Prepayment Penalties
  • Termite Inspection (according to contract)
  • Termite Work (according to contract)
  • Home Warranty (according to contract)
  • Any Judgements, tax liens, etc. against the seller
  • Recording charges to clear all documents of record against Seller
  • Tax pro-ration (for any taxes unpaid at time of transfer of title)
  • Any unpaid Homeowner’s dues
  • Any bond or assessments (according to contract)
  • Any and all delinquent taxes
  • Notary Fees

 

  • Title insurance premiums
  • Escrow Fee
  • Document preparation (if applicable)
  • Notary Fees
  • Recording charges for all documents in buyer’s names
  • Termite Inspection (according to contract)
  • Tax pro-ration (from date of acquisition)
  • Homeowner’s transfer fee
  • All new loan charges (except those required by Lender for seller to pay)
  • Interest on new loan from date of funding to 30 days prior to first payment date
  • Assumption/Change of Records Fees for takeover of existing loan
  • Beneficiary Statement fee for assumption of existing loan
  • Inspection Fees (roofing, property inspection, geological, etc.)
  • Home Warranty (according to contract)
  • City Transfer/Conveyance Tax (according to contract)
  • Fire Insurance Premium for first year

 

Information Deemed Reliable, but Not Guaranteed.
©Barbara Kolodziejski, 1999-2003.

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"Earth
To Life ...... Support
To the Explorer ...... A Base
To the Wise ...... An Investment"

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Barbara Kolodziejski
www.BarbK.com
Good Things Come To Those Who Make Things