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
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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 buyers 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 Homeowners dues
- Any bond or assessments (according to contract)
- Any and all delinquent taxes
- Notary Fees
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- Title insurance premiums
- Escrow Fee
- Document preparation (if applicable)
- Notary Fees
- Recording charges for all documents in buyers names
- Termite Inspection (according to contract)
- Tax pro-ration (from date of acquisition)
- Homeowners 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 |
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To Life |
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Support |
To the Explorer |
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A Base |
To the Wise |
...... |
An Investment" |
Alameda
The Best Kept Secret in San Francisco Bay
Area
Barbara Kolodziejski
www.BarbK.com
Good Things Come To Those Who Make Things
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