Laguna Beach, California Closing Costs

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Closing Costs

Closing costs are the various fees a buyer and seller have to pay to complete a real estate transaction. If you're planning to purchase or sell a property, you'll want to get a clear idea of these expenses. This is especially true for buyers who are looking at ways to find savings in the home they are buying.

Closing Costs in Laguna Beach, CA

Standard Closing Costs in Laguna Beach, California

Home buyers in Laguna Beach, California

Non-Recurring Fees

• Escrow Fees
• Title Insurance
• Notary Fees
• Recording Fees
• Lender Fees
• Loan Origination Fee
• Underwriting Fee
• Processing Fees
• Flood Certification Fee
• Discount Points
• Mortgage Insurance

Recurring or Pro-rated Fees

• Prepaid Mortgage Interest
• Property Taxes
• Hazard Insurance
• HOA Dues

Sellers Closing Costs in Laguna Beach

• Broker’s Commission
• Title Insurance
• Documentary Transfer Tax
• Seller Concessions
• Escrow Fees
• Attorney Fees

Real Estate Parties During a Closing Meeting

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Ways to Lower Closing Costs

1. Get a Rebate from the Broker’s Commission

There are few brokerages that offer a commission if you do some of the leg work when buying a property. These include visiting a home on your own without a realtor to walk you through the house. It is best to ask what discounts they can offer so you can take advantage of the various deals that they have.

2. Research Closing Costs in Your Area

Closing costs may vary between cities as tax laws can differ between areas. You'll want to make sure you're only paying for fees that are required in the region and can avoid any unnecessary expenses.

3. Consider Buying a Resale Home Instead of a Brand New House

You can save the right amount of money if you repurchase a property that the original buyer can no longer afford. If a family was living in the home before chances are there are fewer repairs needed as the previous residents would most likely have any issues fixed.

Laguna Beach Homebuyer Shopping Around for Lenders

4. Request Quotes from Different Lenders

The more lenders you get a quote from the better the offer you'll end up with at the end. Let them know that you're shopping between different companies and ask for the best offer they can provide. They'll usually offer a better deal rather than lose your business. Make sure you get a breakdown of their fees to make the best decision possible once you've finished canvassing.

5. Schedule Your Closing Date Towards the End of the Month

If you schedule your close date at the end of the month, you can save the right amount on your daily insurance charges. The per diem interest typically resets at the end of each month. You won't have to pay the extra days you usually would pay if you ended the transaction mid-month.

Infographic Showing the Closing Costs in Laguna Beach, CA

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If you would like to receive a FREE Competitive Market Analysis, contact me today.

Let Me Help You Find Your Laguna Coast, California Home!

If you are a buyer, it is important to have the assistance of a Buyer's Agent to represent you during the transaction. If you need additional assistance or would like to schedule a showing, contact our office at (949) 494-0490.

Cynthia Ayers
Phone: (949) 494-0490
Laguna Coast Real Estate
301 Forest Avenue, Laguna Beach, CA 92651

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