Seller's Estimated Closing Costs

As a Seller, you can usually expect to incur closing costs of about 7.5% of your sale price (excluding any repairs required by pest control, or where applicable, city inspections, or repairs required by the buyer or the purchase contract).  The following list shows the normal items that you, as a Seller, can expect to pay for upon the transfer of your property.  You may use this form as a worksheet to estimate your sale proceeds. However, this is just an estimate, and your escrow officer will be able to prepare a more accurate estimate of closing costs.  

Based upon an estimated sales price of $____________

Estimated close of escrow on: __________

_______	Commission - 6% of sales price (3% to seller's agent, 3% to buyer's agent)
_______	Title Insurance Policy - varies with sales price: TI for a $275,000 sale would be about $1,200; for a $500,000 sale about $1,800; for a $1,000,000 sale about $2,800
_______	Escrow Fee - generally $200 plus $1.50 per $1,000 of purchase price.
_______	Documentary transfer tax to L.A. County - $1.10 per $1,000 of sale price
_______	Standard Structural Pest Control Report and Clearance - $65 to $125, plus required repairs
_______	Pro-ration of property taxes until close of escrow date
_______	Interest on existing loans from last payment to 1-2 business days after close of escrow
_______	Beneficiary Demand Statement for existing loan(s) - about $65 each
_______	Home Warranty Policy - $250 for basic policy, plus $50 for central air conditioning, $100 for pool and spa, $100 for roof coverage.
_______	City Occupancy or Compliance Report - for City of Pasadena, about $70 to $90, not including required repairs
_______	Miscellaneous fees - recording, sub-escrow, special document charges, delivery charges
_______	Other costs -
_______	TOTAL ESTIMATED CLOSING COSTS