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How Much are San Diego Closing Costs

Calculate seller and buyer real estate closing costs in San Diego.

Trying to calculate San Diego closing costs when selling a house is challenging. It can feel like trying to decipher hieroglyphics. Determining the average closing costs in San Diego when buying a home is even tougher. The costs to close on a piece of real estate can appear like a moving target that is impossible to pin down. Fortunately, this guide on San Diego closing costs will provide answers and clarity to help you buy or sell your next property. Brotherly Love Real Estate is a local cash home buyer in San Diego with +7 years of experience purchasing real estate. If it’s your first time selling your home to us, we cover your closing costs for the entire transaction. Click here for more information about how to sell your house in San Diego without closing costs.

 

Now, let’s review how much San Diego closing costs can affect the bottom line of a real estate purchase or sale.

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Closing Costs When Selling a House in San Diego

The expenses that come with selling a house in San Diego can feel overwhelming to many homeowners. Although you can capitalize on higher real estate value versus other parts of the country, there are large costs that come along with the sales process. The average closing costs in San Diego range between 4.5% – 8%. When calculating closing costs that you must pay when selling your house in San Diego, 8% is disturbingly high. For example:

  • If your property is worth $700,000
  • The seller (you) pays 8% of the total sale price
  • Total closing costs = $56,000

Closing costs when selling a house in San Diego are putting a huge dent in the wallets of homeowners. You can do a lot with $56K! Is there a better way to avoid these insanely high real estate costs? Yes! When we buy houses, our company pays for your closing costs! Give us a call today to get started (619) 818-8755. Keep more money in your pocket as you go through the transition of selling your home. We will cover your seller closing costs! Now, let’s do an in-depth breakdown of San Diego closing costs.

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Seller Closing Costs in San Diego

Realtor Commissions

One of the largest seller closing costs in San Diego is the realtor commission. This cost typically ranges from 4% – 6% of the total sale price of your home. When calculating closing costs in San Diego, this is the first number you want to review. Depending on the value of your home, this cost can be huge. For homeowners that decide to list their property with a real estate agent, make sure that you receive the effort back from the realtor for the amount that you are paying them.

 

When selling your house to Brotherly Love Real Estate, there is no realtor involved. This means that you instantly save up to 6%. Keep more money in your pocket by avoiding this extremely expensive commission. Seller closing costs in San Diego add up quickly when factoring in a realtor commission. By working with a professional home buyer like us, you can save yourself both time and money from the overall process.

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Title Insurance

Title insurance is another one of the San Diego closing costs when selling a home. This fee isn’t necessarily required but is HIGHLY encouraged. If you do not purchase insurance from a title company, you are liable for things that could go wrong later. No one ever regrets purchasing title insurance. Issues can come back to bite you months (or years) later after the sale of your home if you do not purchase title insurance. Typically, title insurance costs about $200. This is minimal compared to other seller closing costs in San Diego.

Transfer Taxes in San Diego

It’s standard for a seller to pay transfer tax when selling their home in San Diego, CA. Brotherly Love Real Estate will cover this cost for you when we buy your house. However, if you get stuck paying this cost during a home sale, the transfer tax is 0.11% of the total sale price. This may seem like a drop in the bucket of the seller closing costs in San Diego because it’s less than 1%. However, depending on the sale price of your property, it can be fairly high.

Escrow Fees

Escrow fees are another cost associated with selling a home in San Diego. These fees are usually very minor and will depend on the title company involved in the transaction. Nevertheless, it’s important to calculate this when determining your bottom line. Figuring out how much San Diego closing costs involves calculating every single fee, including the small ones.

Seller Concessions

Seller concessions are more common when selling your home on the market. When a family purchases a home, they typically prefer to move in right after closing. They may require the seller to make repairs prior to closing OR shave money off of the total sale price. This can be considered one of the seller closing costs in San Diego that varies depending on the buyer. When working with Brotherly Love Real Estate, we do not ask you for any seller concessions. Avoid paying seller closing costs in San Diego by working with our company.

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How to Offset Closing Costs in San Diego

Is there a way to offset expense closing costs in San Diego? Most things in real estate are negotiable! However, if you are going through the traditional home-selling process of listing your property on the MLS (multiple listing service), you don’t have a ton of wiggle room. Each county and city in California comes with different ‘standards’ that home buyers and sellers follow regarding particular housing expenses. “What if I sell my house off the market?”

 

Now, the answer is completely different. You can offset your seller closing costs in San Diego when working directly with a homebuyer like us. Brotherly Love Real Estate buys houses through San Diego and the nearby cities. As a courtesy for it being the first time working together, our company will cover your closing costs when selling your house in San Diego to us. When it comes to real estate in California, saving as much money as you can during the actual sale of the property is extremely important.

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Remember, when selling your house to us, you don’t have to worry about any of the following things that come along with the traditional real estate process:

  • No open houses
  • No repairs or fixing of the property before the final sale
  • Sell as-is
  • No long list periods (we close in 21 days)
  • No realtor commissions
  • No seller closing costs

Homeowners save tens of thousands of dollars working with us when they need to sell a property. San Diego closing costs can put a major dent in your bottom line. They almost make selling a home not worth it. Save more money and avoid expensive closing costs when selling a house in San Diego by working with Brotherly Love Real Estate. Homeowners have various reasons for wanting to sell a property. Whether you are going through a divorce, moving out of state, or recently inherited a property, our company will make you an offer and cover your closing costs.

Closing Costs When Buying a House in San Diego

If you are planning to buy a house in San Diego, you may be wondering what the closing costs are on that side of the equation. Fortunately, they are typically less than seller closing costs. A big reason for that is the realtor commissions that the seller pays. On average, you can expect to pay between 1.5% – 3% in buyer closing costs when purchasing a home in San Diego. The majority of the fees that make up buyer closing costs stem from the lender. For homebuyers that are purchasing a house with a mortgage, there are many fees that come along with that.

Mortgage Origination Fees

There is a ton of work and documentation that goes into underwriting and approving a mortgage loan. Included in these fees are things like underwriting fees, loan documentation fees, and processing fees. AKA lots of paperwork and manpower! This expense totals around 1.5% of the total loan amount. Overall, this is one of the large buyer closing costs in San Diego.

Appraisal Fee

Appraisals are required when the buyer is using a mortgage to purchase a home. There is a fee to get a home appraised, which costs about $500.

Property Taxes

Depending on how far you are into the calendar year when you purchase a home in San Diego, there may be property taxes that you will take over and pay at settlement.

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Escrow Fees

Escrow fees vary depending on the escrow (title) company used for the real estate transaction. The closing fee is part of this fee, which is usually split 50/50 between the buyer and seller. On average, escrow fees cost 0.208% of the total purchase price of the home.

Other smaller fees that make up the buyer escrow fees include:

  • Wire Fee: $60
  • Documentation Fee: $75
  • City recording Fee: $125
  • Escrow Tie-In Fee: $150
  • Notary: $200

How to Estimate Closing Costs in San Diego


By following these averages above, you can estimate how much closing costs in San Diego are or use a calculator. Unfortunately, buying and selling real estate isn’t cheap! There are costs on both sides that come along with completing the process. The seller closing costs in San Diego outweigh the amounts that buyers must pay to finish the sale. You can estimate closing costs by reviewing the numbers and figures above.

San Diego Closing Costs: Additional Details

San Diego real estate closing costs vary widely for each real estate transaction. If there is a lender involved because the buyer is borrowing money to purchase your property, there will be more fees (and time) involved. Brotherly Love Real Estate pays cash for houses, so there is no bank involved. We cover your closing costs, which means sellers can save tons of money and still get their homes sold! Seller closing costs in San Diego are expensive. Save yourself tons of money and time by working with a professional company that buys houses like Brotherly Love Real Estate. Contact us today to learn more about the process. Join other homeowners by avoiding San Diego closing costs.

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