California/SD Closing Costs Advice

[ravinos]

About to start the process of negotiating the purchase, (private sale), of a single family detached home I currently rent. As part of the strategy, thinking of offering at some point in the back and forth pricing negotiations, to pick up the sellers closing costs.
As not having purchased real estate in the state of California previously, what are the typical closing costs a seller is responsible for ?
Also, what are the corresponding closing costs for a buyer ? (excluding bank/home loan costs/fees).
Thank you.

[[email protected]]

Depends on the type of loan and downpayment.

FHA allows the seller to pay up to 6% of the price
VA allows 4% but does not allow the buyer to pay lender or escrow fees.
Seller contributions vary with conventional loans from 3% to 6% depending on the downpayment.

The buyers total closing costs are about 3% of the purchase price.

[[email protected]]

Depends on the type of loan and downpayment.

FHA allows the seller to pay up to 6% of the price
VA allows 4% but does not allow the buyer to pay lender or escrow fees.
Seller contributions vary with conventional loans from 3% to 6% depending on the downpayment.

The buyers total closing costs are about 3% of the purchase price.

[[email protected]]

Depends on the type of loan and downpayment.

FHA allows the seller to pay up to 6% of the price
VA allows 4% but does not allow the buyer to pay lender or escrow fees.
Seller contributions vary with conventional loans from 3% to 6% depending on the downpayment.

The buyers total closing costs are about 3% of the purchase price.

[[email protected]]

Depends on the type of loan and downpayment.

FHA allows the seller to pay up to 6% of the price
VA allows 4% but does not allow the buyer to pay lender or escrow fees.
Seller contributions vary with conventional loans from 3% to 6% depending on the downpayment.

The buyers total closing costs are about 3% of the purchase price.

[[email protected]]

Depends on the type of loan and downpayment.

FHA allows the seller to pay up to 6% of the price
VA allows 4% but does not allow the buyer to pay lender or escrow fees.
Seller contributions vary with conventional loans from 3% to 6% depending on the downpayment.

The buyers total closing costs are about 3% of the purchase price.

[UCGal]

If I’m not mistaken – sellers costs are realtor (n/a in the case you described) and some title/escrow costs. It’s not a lot of $ once you get rid of the realtor commission.

I bought our house from my father – no realtor, but we used a title company to do the escrow. His costs were less than $1000. I don’t remember the exact amount – but it may have been just a few hundred dollars.

[UCGal]

If I’m not mistaken – sellers costs are realtor (n/a in the case you described) and some title/escrow costs. It’s not a lot of $ once you get rid of the realtor commission.

I bought our house from my father – no realtor, but we used a title company to do the escrow. His costs were less than $1000. I don’t remember the exact amount – but it may have been just a few hundred dollars.

[UCGal]

If I’m not mistaken – sellers costs are realtor (n/a in the case you described) and some title/escrow costs. It’s not a lot of $ once you get rid of the realtor commission.

I bought our house from my father – no realtor, but we used a title company to do the escrow. His costs were less than $1000. I don’t remember the exact amount – but it may have been just a few hundred dollars.

[UCGal]

If I’m not mistaken – sellers costs are realtor (n/a in the case you described) and some title/escrow costs. It’s not a lot of $ once you get rid of the realtor commission.

I bought our house from my father – no realtor, but we used a title company to do the escrow. His costs were less than $1000. I don’t remember the exact amount – but it may have been just a few hundred dollars.

[UCGal]

If I’m not mistaken – sellers costs are realtor (n/a in the case you described) and some title/escrow costs. It’s not a lot of $ once you get rid of the realtor commission.

I bought our house from my father – no realtor, but we used a title company to do the escrow. His costs were less than $1000. I don’t remember the exact amount – but it may have been just a few hundred dollars.

[sdduuuude]

I bought a house in a private deal once. There were no real estate agents involved. We agreed on the amount of the check that the seller would receive and I payed for everything else. It made everything simple. I had lots of work to do to keep costs down and choose the right people, but I was happy because I felt in control of the situation and the seller was happy cuz he didn’t have to worry about anything except disclosures and signing a few forms.

[sdduuuude]

I bought a house in a private deal once. There were no real estate agents involved. We agreed on the amount of the check that the seller would receive and I payed for everything else. It made everything simple. I had lots of work to do to keep costs down and choose the right people, but I was happy because I felt in control of the situation and the seller was happy cuz he didn’t have to worry about anything except disclosures and signing a few forms.

[sdduuuude]

I bought a house in a private deal once. There were no real estate agents involved. We agreed on the amount of the check that the seller would receive and I payed for everything else. It made everything simple. I had lots of work to do to keep costs down and choose the right people, but I was happy because I felt in control of the situation and the seller was happy cuz he didn’t have to worry about anything except disclosures and signing a few forms.

[sdduuuude]

I bought a house in a private deal once. There were no real estate agents involved. We agreed on the amount of the check that the seller would receive and I payed for everything else. It made everything simple. I had lots of work to do to keep costs down and choose the right people, but I was happy because I felt in control of the situation and the seller was happy cuz he didn’t have to worry about anything except disclosures and signing a few forms.

[Author]

Posts