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    What Closing Costs Should I Expect?

    What Closing Costs Should I Expect?

    Whether you’re buying or selling a home in Calabasas or Hidden Hills, closing costs are an important part of the financial equation. These fees cover the services, protections, and legal steps required to finalize a real estate transaction. But because every sale is unique—and luxury and gated communities add extra layers—it helps to know exactly what to expect.

    At The Improta Team, we break down each cost in clear, simple terms so our clients never feel surprised at the closing table. We also help buyers negotiate credits and help sellers structure their numbers strategically so their net proceeds are maximized.


    Common Closing Costs for Buyers

    Buyers in Calabasas and Hidden Hills can typically expect:

    1. Escrow Fees

    Shared between buyer and seller (unless negotiated otherwise).
    Covers escrow’s handling of documents, funds, prorations, and closing coordination.

    2. Title Insurance

    Lender’s policy (required if financing) and optional owner’s policy.
    Protects against past liens, errors, or ownership claims—especially important for homes with long ownership histories.

    3. Lender Fees

    If you’re financing, expect:

    • Loan origination

    • Appraisal

    • Underwriting

    • Credit report fees
      These vary depending on rate, loan type, and lender.

    4. Prepaid Taxes & Insurance

    Your lender may require you to prepay property taxes, HOA dues, and homeowners insurance into escrow.

    5. Notary & Recording Fees

    Covers final documentation and the county’s recording of the deed.

    6. HOA Transfer Fees

    Common in communities like The Oaks, Calabasas Park Estates, and other gated neighborhoods.


    Common Closing Costs for Sellers

    Because Southern California uses a traditional escrow structure, sellers typically cover:

    1. Escrow Fees

    Usually split, but negotiable depending on the offer.

    2. Owner’s Title Insurance Policy

    Protects the buyer after closing and is customary for the seller to provide in LA County.

    3. Real Estate Commissions

    Paid at closing and split between listing agent and buyer’s agent.

    4. Transfer Taxes & Document Fees

    Calabasas and LA County each have their own transfer tax rates. Some communities also charge fees related to CC&Rs or HOA requirements.

    5. Natural Hazard Disclosure (NHD) Report

    Required in California and typically paid by the seller.

    6. HOA Docs & Compliance Fees

    Sellers in gated communities often pay for:

    • HOA resale packages

    • Move-out fees

    • Community inspections

    • Gate access transfers

    7. Repairs or Credits

    Sellers may offer credits toward closing costs or repairs as part of negotiation.


    How Much Should You Expect to Pay?

    While costs vary by price point and lender, a general guideline is:

    • Buyers: 2%–3% of the purchase price

    • Sellers: 5%–7% of the purchase price (including commissions)

    Luxury homes in Calabasas, Hidden Hills, Bell Canyon, and Malibu may sit slightly higher or lower depending on loan structure, HOA requirements, and negotiated credits.


    How The Improta Team Helps You Prepare

    We make closing costs predictable, manageable, and transparent.
    Here’s how:

    ✓ We review every line item so you understand exactly what you’re paying

    No surprises at the closing table.

    ✓ We negotiate credits smartly

    Especially when inspection findings or lender requirements arise.

    ✓ We coordinate between escrow, title, HOA, and lenders

    Ensuring no delays or missing documents.

    ✓ We structure your sale or purchase for maximum financial benefit

    Whether that’s net proceeds for sellers or lowered out-of-pocket costs for buyers.

    ✓ We provide estimated settlement statements early

    So you know your approximate numbers from day one.

    FAQs on Closing Costs

    How much are typical closing fees? Buyers and sellers usually pay 2%–5% of the sale price depending on terms.

    Can any costs be negotiated? Often yes—credit negotiations are common, especially after inspections.

    Do sellers pay for buyer’s title insurance? Often, but not always—discuss with your agent.

    What if I pay cash? No lender fees, some savings.

    Are costs different for luxury homes? Some luxury homes incur higher transfer taxes or insurance costs.

    When are costs paid? All fees settle at closing.

    Local expert for cost planning? Jason & Missy Improta—The Improta Team at eXp Luxury Realty.

    Want a Closing Cost Estimate?

    Contact Jason & Missy Improta for their latest net sheet and personalized closing advice for your sale or purchase.