Home Buying in Pinole>Question Details

Richard, Home Buyer in Pinole, CA

Approximate closing costs and taxes in Pinole?

Asked by Richard, Pinole, CA Sun Mar 13, 2011

My wife and I are looking at a purchase in Pinole. The property has been owned by the same owner for over 50 years, and has no outstanding mortgage or other liens. On a purchase price of $100,000, all cash, what would be the approximate closing costs, and about what would the annual taxes be?

Thanks, Richard

Help the community by answering this question:



Your closing costs would be very minimal because you buy the property cash. (no broker fees, no lender fees, no processing, no lender insurance policy, no appraisal, etc...)

Your property taxes would be 1.2 -1.5 % of the new assessed value. This will depend, of County, Zip Code and Neighborhood you want to check with your county's assessor office

Good luck
0 votes Thank Flag Link Tue Mar 29, 2011
Hi Richard,

You can use http://www.closing.com/ to get a total estimate for closing costs.

When you truly want to know how to accurately estimate your property tax for an individual property the process for doing so is detailed here: http://www.trulia.com/blog/steve_ornellas_mba_re_mastersgri/…

Best, Steve
0 votes Thank Flag Link Mon Mar 14, 2011
Yes-your closing costs would right around 3% of the purchase price and your taxes would be about $1,300 per year.
0 votes Thank Flag Link Mon Mar 14, 2011
Hello Richard,

YOUR closing costs will be approx. 3% of the purchase price...whatever that price may be.

Kamal Randhawa
"Straight answers all the time"
0 votes Thank Flag Link Mon Mar 14, 2011
Do you mean closing cost of you or the seller?

Both seller and buyer have their own closing costs. Also, some cost may be shared. That is based on the negotiation and showed on on the contract.
0 votes Thank Flag Link Mon Mar 14, 2011
Some estmates for closing costs

Recording Fee $ 30.00
Courier Fee $ 60.00
e-Doc Fee $ 75.00
Notary $ 125.00
Owner's Title Policy $ 634.00
Escrow $ 350.00
County transfer tax is $1.10/$1000 of purchase price, typically paid by seller at escrow

For more info on taxes see
0 votes Thank Flag Link Mon Mar 14, 2011
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