Ba, Home Buyer in Los Angeles, CA

I am going to pay cash for a $400,000 townhouse in LA, CA. How much is the closing cost?Thank you.

Asked by Ba, Los Angeles, CA Sat Sep 1, 2012

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Answers

12
It's a safe bet to assume 3%. That's what I tell all my clients. Better to assume more, and be surprised at anything less, than to assume low and to not have budgeted for it.

Regards,
Michelle Menna
Keller Williams Realty Larchmont
(323) 559-4422
1 vote Thank Flag Link Sat Sep 1, 2012
If you are paying cash, they range from approximately 1.5% to 2.5% of the purchase price.

Have a great day,
Heather Paul, Realtor
Coldwell Banker
310-586-0364
http://www.HeatherPaulOnline.com
0 votes Thank Flag Link Sat Oct 13, 2012
Hi Ba,

Usually about 1.50% to 2% for cash purchase. You should have your realtor or if you do not have one I be more then happy to help you negotiate the best deal for you..

Claudia Hansen
Keller Williams Realty LA/ Westside
(310) 598-3350
DRE 01155245
http://www.ClaudiaErealty.com
0 votes Thank Flag Link Sat Sep 8, 2012
You can ask your Realtor to have a net sheet prepared for you, and that way you can get an estimate of all the costs when purchasing a home.
0 votes Thank Flag Link Sun Sep 2, 2012
The only way to know for certain is after the purchase contract has been executed by all parties. Once the service providers have been agreed, the each can provide you with estimates. A great example is home warranties. The coverage, premiums, and fees vary.

You could "save money" on the purchase price, but if the coverage you purchased fails to meet your needs, then maybe it would have made sense to pay a little more.
0 votes Thank Flag Link Sun Sep 2, 2012
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
Contact
Hi Ba,

Usually about 2.5%. What you have to consider is that was are in a multiple offers market right now. Your closing costs could be a little higher. It depends if you are going to go a little higher than $400K for a townhouse.

Regards,

Lee
0 votes Thank Flag Link Sat Sep 1, 2012
Hey Ba,

You can be expected to pay for:
· Title insurance premium
· Escrow fee 50%
· Tax proration (from date of closing)
· HOA fees

You can obtain a free estimate from an escrow company.
Do you have an agent representing you?
0 votes Thank Flag Link Sat Sep 1, 2012
Hi Ba,

Yes, closing costs will be roughly 2% to 2.5% of the purchase price of the townhouse. For example: If you close on a 400K townhouse, your estimated closing costs will be about $8000 (2%). Have you already made an offer?

http://www.route66lare.com
0 votes Thank Flag Link Sat Sep 1, 2012
Hi Ba,

The closing costs will be approximately 4k-5k You will have to pay for your Escrow fees and physical inspections ... sellers pay for the realtor commissions so you can pick one you like.
You can go to my website and search for property and go to my buyers section to find out much more information on the buying process...

Kind Regards,
Madelaine Kolisnyk
310.869.1712
http://www.madelainek.com
0 votes Thank Flag Link Sat Sep 1, 2012
Closing cost can vary. It depends on what Title/Escrow company you use. County proeprty taxes ect.

A good estimate would be 2.5% OF THE SALES PRICE.,.......This is only an estimate . You will of course get a HUD statement with all cost itemized, but 2.5% of the sales pice is a good amount to be prepared to pay.


Best of Success to You!

Kawain Payne, Realtor
0 votes Thank Flag Link Sat Sep 1, 2012
The exact cost depends on the terms of the contract (who pays for the escrow/title/transfer/HOA,etc..)

Also it can depend on the service providers prices such as title, escrow, etc...

Assuming that seller pays HOA and county/city transfer you cost could be around 1% , however it can be more or less.

To find out exact closing cost -It is always a good idea to ask escrow for an estimate of buyers fees.



Please contact me anytime!


______________________________
Free Consultation 424-777-9377

Help with any Real Estate Transaction Buy & Sell!





Thank you for your time.


Should you have any questions - please feel free to call me Toll Free: 1-855-TRUST-55 (1-855-878-7855)  ext. 777.



Sergey Fednov
President - Realtor
- Trust Sale Realty -
Residential & Commercial Real Estate
_______________________________
Toll Free: 1-855-TRUST-55
Toll Free: 1-855-878-7855
Phone: 424-777-9377
Fax: 310-356-4925
http://www.TrustSale.com 
0 votes Thank Flag Link Sat Sep 1, 2012
The exact cost depends on the terms of the contract (who pays for the escrow/title/transfer/HOA,etc..)

Also it can depend on the service providers prices such as title, escrow, etc...

Assuming that seller pays HOA and county/city transfer you cost could be around 1% , however it can be more or less.

To find out exact closing cost -It is always a good idea to ask escrow for an estimate of buyers fees.



Please contact me anytime!


______________________________
Free Consultation 424-777-9377

Help with any Real Estate Transaction Buy & Sell!





Thank you for your time.


Should you have any questions - please feel free to call me Toll Free: 1-855-TRUST-55 (1-855-878-7855)  ext. 777.



Sergey Fednov
President - Realtor
- Trust Sale Realty -
Residential & Commercial Real Estate
_______________________________
Toll Free: 1-855-TRUST-55
Toll Free: 1-855-878-7855
Phone: 424-777-9377
Fax: 310-356-4925
http://www.TrustSale.com 
0 votes Thank Flag Link Sat Sep 1, 2012
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