What Closing Costs Do Silicon Valley/Santa Clara County Buyers Pay?
by Michelle Carr-Crowe, Cupertino, Calif. real estate agent selling homes in San Jose, Calif.
Most buyers want to know "Who Pays What Closing Costs?" in Santa Clara County.
Every county is different in California as to how closing costs are handled.
In general, here is what costs buyers pay in Santa Clara County/Silicon Valley.
Title: Buyer (for lender's policy); Seller pays for buyer's policy.
County Transfer Tax: Seller
City Transfer Tax: Split 50/50 by Seller and Buyer, Amount Varies. All 3 cities with transfer taxes are at the same rate of $3.30 per $1,000. The 3 cities are Mountain View, Palo Alto & San Jose, Calif.
For questions, Just Call 408-252-8900. To receive a free info sheet showing customary charges for all counties in California, Just Call 408-252-8900.
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