Sharon Medairy, Agent

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A Guide to What the Buyer Generally Pays For To Purchase a Home in Alameda County, California.

• Title insurance policy premium for buyer and lender if there is a loan.
• Escrow fee.
• Notary fee.
• Property tax proration (from date of acquisition)... this figure is based on the purchase price and date of closing.
• Special delivery/courier fees if applicable.
• Document recording charges.
• Homeowners’ association transfer fee and pro rated dues where applicable.
• 50% of City Transfer Tax which averages $7.50 per $1,000 of purchase price: some cities are less.
• Home Warranty according to contract.
• Inspection fees according to contract (termite, roof, property, geological, etc.).
• Matters of record against the buyer (tax liens, judgements, etc.) and fees required to clear them.
• Fire insurance premium for first year.  You must have this before closing. 
• For a Farmers Insurance quote :  Teresa Chan, Farmers Agent
• Assumption/change of record fee, for takeover of existing loan if applicable.
• Lender’s new loan charges:
• Interest on new loan from date of funding to 30 days prior to first payment date.
• Other prorations (rents’ insurance, etc.) as applicable.
• Additional requirements designated by City.