Q&A: What are the average closing costs in CA vs other states?

Real Estate Agent with Barcode Properties BRE # 01828994

Many first-time home buyers save up a lot for a down payment, but when it comes to closing the deal, surprise! Closing costs can catch them off guard. While some lucky buyers get these costs covered by sellers, most end up paying themselves.

To understand the closing costs for your state, consider common expenses like appraisal fees, inspection fees, attorney fees( if any), mortgage taxes and fees, homeowners insurance, property tax, title insurance, etc.

California closing fees: 

* The closing cost percentage for buyers in California accounts for 2% to 5% of the total purchase price. The exact closing costs depend on the type of loan, home value, sale contingencies, local laws, escrow and real estate service fees, and some other miscellaneous fees( recording fees, notary fee, etc.) You can ask for seller credits or concessions, negotiate with your lender and other vendors. 

* The closing cost percentage for sellers in California amount to approximately 7-11% of the total sales price of a home. They usually include county transfer taxes, city transfer taxes, a real estate commission, escrow charge, title insurance premium, some inspections and some other miscellaneous fees( recording fees, notary fee, etc.). 

As your dedicated real estate agent, I'll oversee the entire escrow process from start to finish, ensuring a smooth experience for you. While you don't need to worry about understanding every intricate detail, it's essential to have a basic grasp of the process when you're making such significant financial commitments. This way, you'll know what to anticipate whether you're buying or selling a home. Please feel free to contact me if you have any questions or concerns along the way. Your satisfaction and peace of mind are my top priorities.

Posted by

This Active Rain post is created by Inna Ivchenko.

Thank you so much for checking my blog,  likes and comments! 


Inna Ivchenko

RealtorⓇ, Cal DRE # 01828994, GRI, PSC, HAFA 

Barcode Properties at Calabasas & Beverly Hills

Reasons to HIRE ME: 

  1. Your local friendly Realtor® since 2007 providing great loyal service and truthful guidance personally or remotely. 
  2. Ready to assist you with a Purchase, Sale & ReSale, Trust Sale, Rentals, 1031 exchange, etc. both residential and commercial properties.
  3. Devoted to help first time buyers, sellers, and investors. 
  4. Experienced in distressed sales, foreclosures, auctions, probates.
  5. Standing up as GRI NAR designated (Graduate of Realtors Institute)
  6. Passionate Sustainable technologies focused. 
  7. PSC (Pre-foreclosure Specialist Certification) & Certified HAFA Specialist 
  8. Short Sale Negotiator.
  9. Languages: English,Ukrainian,  Russian, 
  10. Active online presence: IG: 9,000 followers, Twitter: 13k followers, LI almost 8,000 connections, also pages on FB, Yelp, Pinterest, Zillow, Trulia, etc. 

For all your real estate needs please call/text  310-867-0698



Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Inna - many buyers, especially first-timers or those who haven't done so for a while, can be surprised at the costs beyond the purchase price that are involved in a transaction.  The right representation continues to matter.

Feb 19, 2024 03:19 PM
Inna Ivchenko

I agree! Homebuyers are most surprised by mortgage insurance,  by bank fees and points, taxes, title insurance and appraisal fees. Add inspections, surveys, repairs and remedy negotiation, etc. =having an experienced carefully selected agent on their side is  crucial. 

Feb 20, 2024 11:28 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good evening Inna,

What an informative post! Many buyers have no clue about closing costs they will incur in purchasing a home. Great guideline and of course buyers in your area need to reach out to you for representation.

Feb 19, 2024 04:21 PM
Inna Ivchenko

Thank You so very much Dorie! 

ClosingCorp  surveyed first-time and repeat homebuyers which totalled to 1,000 and it showed that 35% were surprised at how high the fees were than they expected, while 17% didn’t know they had to pay closing costs at all. It is a minor research but it shows that first time buyers often have no idea about extra funds they might need to bring to a closing table. Of course, the closing costs are negotiable and that is another reason to work with an experienced real estate professional.

Feb 20, 2024 11:22 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Buyers, especially first time buyers, don't have any idea there are closing costs - and that's something they definitely need to plan for!

Feb 20, 2024 04:58 AM
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

That's a great post for buyers in California.  The country map is very interesting too.

Mar 19, 2024 08:47 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
The best agent in Southern Utah!

Buyers and sellers need to know their costs before making the commitment. Thanks for the graph, Inna!

Apr 02, 2024 01:38 PM
Michael Elliott
Fathom Realty - Burlington Township, NJ
Burlington, New Jersey Residential Sales

Wow, I had no idea how it swung from state to state.  

Jul 12, 2024 03:38 PM