The following items are customary charges in Santa Clara County. However, almost all charges are negotiable and will be specified in the Purchase Agreement.
Buyer's Charges
- Lenders Title Insurance Policy
- 50% City Transfer Tax: Cities of San Jose, Palo Alto & Mt. View $3.30 per $1,000 of sales price. (City taxes are usually split 50/50 between buyer and seller)
- Recording Fees: Deed and Deed of Trust
- Notary Fees
- Drawing Fees: Deed, Private Notes & Deeds of Trust
- Lenders Fees: May include loan origination fee, appraisal fee, credit report, tax service fee, prepaid interest, processing fee, document prep fee
- First Year Fire Insurance Premium
- Termite Inspection
- Roof Inspection
- Property Inspection
- Proration of Real Estate Taxes
Seller's Charges
- Owners Title Insurance Policy
- Documentary Transfer Tax: County $1.00 per $1,000 of sales price. Cities of San Jose, Palo Alto & Mt. View $3.30 per $1,000 of sales price. (City taxes are usually split 50/50 between buyer and seller)
- Escrow Fee
- Proration of Real Estate Taxes
- Drawing Fees
- Notary Fees
- Recording Fees: Reconveyance
- Real Estate Commission
- Home Warranty Contract
- Environmental/Geological Reports
- Termite Repairs
- Payoff of Existing Loans: Principal balance, interest, statement fee, reconveyance fee