What Closing Costs Do Silicon Valley/Santa Clara County Sellers Pay?
by Michelle Carr-Crowe, Cupertino, Calif. real estate agent selling homes in San Jose, Calif.
Most sellers and buyers want to know "Who Pays What Closing Costs?" In Santa Clara County AKA Silicon Valley, the following are true:
Escrow: Seller
Title: Seller (buyer's policy; buyer pays for lender's policy)
County Transfer Tax: Seller
City Transfer Tax: Splite 50/50 by Seller and Buyer, Amount Varies by city.
In Santa Clara County, only 3 cities have transfer taxes, and all are at the same rate: $3.30 per $1,000. The 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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