Home Sellers
Home sellers in Orange County can generally be expected to pay the following real estate transaction closing costs:
- Real estate commission
- Owners title insurance policy premiums
- Seller's escrow fee
- One half of the sub-escrow fee
- Document preparation fee for deed
- Documentary transfer tax
- City transfer or conveyance tax
- Load fees required by buyer's lender (FHA/VA)
- Termite inspection (according to contract)
- Termite work (according to contract)
- Work/repairs required (according to contract)
- Home warranty (according to contract)
- Any judgments, tax liens, etc., against the seller
- Matters of record against the property or seller (loans, tax liens, judgments etc.) and fees required to clear them (statement fees, reconveyance/trustee fees and prepayment penalties)
- Any bonds or assessments (according to contract)
- Property tax proration (for any taxes unpaid at the closing)
- Homeowners association document preparation fees and prorated dues
- Any and all delinquent taxes
- Notary fees
Home Buyers
Home buyers in Orange County can generally be expected to pay the following real estate transaction closing costs:
- Lender's title insurance policy premiums
- Buyer's escrow fees
- One half of the sub-escrow fee
- Document preparation (if applicable)
- Document preparation fee for deed
- Recording charges for all documents in buyer's name
- Termite inspection (according to contract)
- Property tax proration (from acquisition date)
- Homeowners association transfer fee and prorated dues
- All lender charges for new loan (except FHA/VA loans)
- Interest on new loan from the date of funding to 30 days prior to first payment date
- Assumption of change of records fee on existing loan
- Beneficiary statement for assumption of existing loan
- Inspection fees (property, roofing, geological, etc.)
- Home warranty (according to contract)
- City transfer tax (according to contract)
- Fire insurance premiums for first year
- Notary fees
- Special delivery/courier fees if required
- Other prorations (rents, insurance etc.) if applicable
