What fees do I have to pay when I sell my home?

• If you are like many homeowners, you are wondering if you want to sell your home this Spring.  As the eathers warms, the flowers bloom and your grass is green, some would say makes for the best season to sell your home.  Many home buyers have received their tax returns, their children's school calendar is winding down and looking to relocate in the early summer.  If you are wondering if now is a good time to buy, it is.  So to answer a question I received today, "What fees do I have to pay when I sell my home?", below is my response to this question.  If you are interested is receiving a FREE home valuation report, and a Seller's Financial Net Sheet, please call me today at (562) 544-9491.
  
   
  Title insurance (Approximately  0.36% of sales price)

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  Document transfer tax in Los Angeles, the transfer tax rate is $1.10 per thousand of the sales price.  However, in addition to County taxes, Los Angeles City chages their own transfer tax of $4.50 per thousand. 

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  Termite/pest inspection (Ranges from $175-$350 depends on size of house);  this does not include any termite fumigation or repairs that may deemed necessary.

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  As a home seller, you are responsible for half of the escrow fee, the buyer will pay the other half of the fee.  Because escrow fees typically average $1000, a sellers portion will be approximately $500. 

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  Document preparation fees typically range $150-$200.

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  Recording fees  vary by the city and county.  Click here to see the Los Angeles County recording fee schedule.

• If overnight/courier services are necessary in the transaction, those fees can be approximately $50 per each delivery/pick-up.

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  You need to maintain your homeowners insurance policy until the title records, and the home is no longer your property.  There will be a pro-rated homeowner's insurance for the time period you occupy house while in escrow.

• If you live in a condominium, townhome, or gated community with Homeowner Association (HOA) dues

• The Realtors commissions are paid by the seller, and are based upon the sells price of your home.  Both the listing Realtor, and the buyers Realtor split 6% commission, based upon the sales price.

• Your mortgage liens will be paid with the proceed of the sell of your home, this will include any HELOC, or contractor liens you have on your property.

• Additional fees can include the traveling notary, property taxes while you hold title for the property, wire fees, a cushion, lender required repairs that may need to be performed before the close of escrow.

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If you would like to sell your home, please give me a call today, I look forward to earning your business and your trust.