When buying a home in the Bay Area, a buyer is typically responsible for several closing costs. While the exact costs can vary depending on the county, the purchase agreement, and specific negotiations, here’s a breakdown of what buyers in the Bay Area are generally expected to pay:

Common Buyer Closing Costs in the Bay Area:

  1. Loan-Related Fees:

    • Loan origination fee (if applicable)

    • Appraisal fee

    • Credit report fee

    • Underwriting and processing fees

    • Prepaid interest

  2. Title and Escrow Fees:

    • Escrow fee (often split between buyer and seller, but varies by county)

    • Title insurance (lender’s policy; owner’s policy is typically paid by seller in many Bay Area counties like San Francisco and Santa Clara)

    • Notary fees

  3. Recording and Transfer Fees:

    • County recording fees

    • Transfer taxes (typically paid by the seller in most Bay Area counties, except in San Mateo County and some cities where it can be split or paid by the buyer — varies by jurisdiction)

  4. Prepaid Items:

    • Property taxes (prorated from close of escrow)

    • Homeowner’s insurance (first year premium)

    • HOA dues and transfer fees (if applicable)

    • Prepaid interest (from closing date to first mortgage payment)

  5. Inspections and Reports:

    • Home inspection

    • Pest inspection (buyer or seller depending on negotiation)

    • Sewer lateral, roof, or other specialty inspections (as needed)

Estimated Total Buyer Closing Costs:

Typically 2%–5% of the purchase price, depending on the size of the loan, local fees, and optional services.

Would you like a specific estimate based on a sample home price or city within the Bay Area?