Closing costs in California can vary, but in general, California homeowners can expect to pay anywhere from 6 to 10 percent of their home’s selling price to close the deal.
Factoring in closing costs – the additional costs outside of normal realtor commissions – is an important step in the process. There’s more to it than just subtracting your loan balance from the agreed upon purchase price. Typically, as long as your home has built up equity (meaning, it’s worth more than what you paid for it), most sellers don’t have to come up with cash to cover the costs listed below. If you’re upside down on your home (meaning it’s worth less than the initial purchase price, then in all likelihood, it’s going to cost you to sell it.
