Need to Sell My House Quick

3 Responses to “How do I calculate closing cost for a home I am planning to sell next month in Los angeles county?”

1. xbrianxlorenzo Says:
   December 19th, 2009 at 5:12 pm

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   i use a different website by my companies title company, but they didnt add california yet, even though we are licensed to lend there.

   My company owns the Loan Can Do commericial.

   When they say “no can do”, we say “loan can do”!

2. Dave Says:
   December 19th, 2009 at 10:11 pm

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   The agent should give you a list of costs of selling and net proceeds you can expect from the sale. Generally, transaction costs run about 8%, 6% commission + 2% closing costs, but you can negotiate a lower commission or flat fee for a do it yourself seller and you may need to pay some of the buyers closing costs to make a sale. The actual costs will vary with escrow, title, and lending companies used and selling cost. Other costs may be prepayment penalties on existing loans and any negative amortization that may have accrued to the loans.

3. greeneyedblond31558 Says:
   December 22nd, 2009 at 8:43 am

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   It all depends on your sales contract but this is standard.
   Any of these fees that are applicable, the seller will usually pay. You will also pay your Payoff, any taxes and HOA fees due.

   Transfer Tax (1.1% of the Sales Price)
   Half of the Escrow Fee (Approx ($900-1200) About $2/$1000
   Owners Title Insurance (About $950 or so) Varies
   Recording Deed ($10)
   Any HOA Transfer Fees if App. ($100-$300)
   A Property Disclosure Report If App. ($100)
   Termite Report – If App. ($100)
   Homewarranty – Iff App. ($300)