Closing Costs

Expected closing costs

There are certain normal expenses related to closing the sale of a home. These expenses are often divided between the buyer and seller, as noted in the sales contract. Many are conventional, but there are nuances to each, so you’ll want a real estate expert in California to help direct you through your deal.


Loan-related closing costs

  • Points (optional)
  • Appraisal Fee
  • Credit Report
  • Interest Payment
  • Escrow Account

Taxes you may be responsible for at closing

  • Property Taxes
  • Transfer Taxes and Recording Fees

Insurance fees due at closing

  • Homeowners Insurance
  • Flood or Quake Insurance (optional)
  • Private Mortgage Insurance (PMI) (optional)
  • Title Insurance

Sellers: As we negotiate your transaction, we will not only work to get the very best sales price, but we will also push for reduced closing costs. And once we’ve come to an agreement, we will fully clarify the closing costs so you are informed of exactly where your money is going.

Buyers: When purchasing a home in San Diego, you’ll receive a “Loan Estimate” (LE) of closing costs within three days of submitting your loan application and a “Closing Disclosure” no fewer than three days prior to closing. These estimates are based on the loan officer’s previous experience and are required to be within a reasonable range so you’re not shocked when you show up at the closing appointment. We will be glad to look over the estimate with you, answering your questions and highlighting any estimates that seem questionable.

Finding the right home at the right price is just one part of a real estate transaction. The Lotzof Group is experienced at assisting both buyers and sellers when it comes to closings. E-mail or call us today at (619) 994-7653 if your needs include a real estate pro experienced in the business side of real estate.