Estimating Closing Costs For A Bay Area Real Estate Transaction

Before committing to buy or sell a home in the Bay Area, it is helpful to know what costs you might encounter. Here is a breakdown of real estate closing costs and sale costs to help you better estimate how much it will cost to buy or sell a home.

These numbers assume a $1,000,000 sale and are a typical representation of costs, but do not take into account all situations, such as all-cash closings. Transfer taxes in San Francisco, Alameda, Marin, etc. will also vary from these numbers.

Contact me anytime to get a better estimate of closing costs for your Bay Area purchase or sale.

Sales price $1,000,000
Typical Selling Costs $ Amount* Notes
Commission – listing agency 30,000 2.5 – 3% of the purchase price
Commission – selling agency 30,000 2.5 – 3% of the purchase price
County Transfer Tax 1,100 In Santa Clara County, it is customary for sellers to pay for this.
1/2 of City Transfer Tax 1,650 In Santa Clara County, it is customary for buyers and sellers to split this cost. Only applies in Mountain View, Palo Alto, and San Jose.
Owner’s Title Insurance 2,500 In Santa Clara County, it is customary for sellers to purchase an owner’s title policy for the buyer.
Escrow Fees 600
HOA document preparation fee 300 If applicable
Prorated HOA dues 550 If applicable
Document Prep Fee 125
Courier Fees 60
Wire Fee 25
Notary Fees 60
Natural Hazard Disclosure Report 150
Optional Selling Costs
These costs are discretionary, but usually highly recommended. A little money spent up front will be repaid, with profit, in the form of a higher purchase price. Your real estate agent can guide you on which repair and staging investments will yield the best pay off.
Optional Costs $Amount Notes
Inspections $500 – $1500 Depends on the number of systems to be inspected.
Repairs, painting, etc. $5,000 – $15,000+ This is the most highly variable expense, and depends on the condition of the property.
Staging $2,000 – $10,000+ Depends on size of home, how many room are staged, and how many months staging is installed.
*IMPORTANT NOTE: These amounts vary according to variables such as purchase price, brokerage, title company,  HOA, county, city, and contract.