There really are no "hidden fees" associated with purchasing a home. If you are working with a good real estate professional and mortgage broker, they will be able to tell you all of the costs and explain what they are.
Here are some of the fees that you will need to know about, which are negotiable as to who pays for them...the Buyer or Seller:
Any repairs not being paid for by the Seller
Termite report and clearance
Minimum Mandatory Government Retrofit (depending on where the house is, it varies but usually is smoke/carbon monoxide detectors, low flow toilets and shower heads, seismic gas shut off valve, water heater strapping, etc.)
Wiring and Messenger Fees
City and County transfer tax
Property Tax prorations
Broker Fees if any (for Prudential, it's a $250 charge and many real estate companies charge them)
And there may be a few more...but this is the brunt of them.
Hope this helps.
All the best,
Kat Becker, Realtor
Estates, Residential, Commercial
Prudential California Realty
Any local city reports
There are no "hidden" fees in buying a house. Your lender can provide you with a loan cost /closing cost sheet prior ro writting an offer. All you have to do is ask them to do a cost sheet based on the price you plan on offering, with the down payment you will be making and at the current interest rate you are approved for.
The loan cost sheet will have all the fees you wil be asked to pay. These fees are: down payment , title and escrow fees, recording fees, appraisal fees, taxes ect.
All fees will be clearly outlined. You will have no surprises!
Best of luck to you,
Kawain Payne, Realtor
It must be a slow day when the Trulia staff is asking the real estate questions. lol. It looks like the agents, pretty much answered your question. I have heard that some of the fees we have in Southern CA differ from those in Northern CA. Since you mentioned you're looking to buy in the San Francisco area (on your profile page), you may want to ask a Realtor in your area. I'm sure that agent could answer your questions about fees. Hope that helps.
regarding your question : Am I missing anything else?
You are missing everything.
Have you sat down with an Agent or a lawyer and gone over the Closing Costs, if
not time to. Inspections, transfer fees, HOA costs, Doc fees, Lender fees, city transfer
fess, buyer taxes, Property taxes, ....
Any good RE agent and loan officer will give you an estimate of closing costs when you are writing the purchase contract or getting your preapproved.
There are inspections, and appraisals. Sometimes it just depends on how many offers...the market has changed for buyers...
Hope that helps,
Madelaine Kolisnyk, Realtor
Power Brokers International, Los Angeles
http://www.madelanek.com and go to buyer road map..