When purchasing property in El Dorado County, the buyer can normally expect to pay the following expenses (depending on each contract).
- Loan fee and loan costs payable to he lending institution for new loan.
- Preparation of loan documents, if required.
- One-half of Title Insurance and Escrow Fee, based on sales price (unless contract states otherwise).
- All of the ALTA loan policy premium, unless contract states otherwise.
- Notary fees on any documents.
- Recording fees, wire fees, and/or courier fees if applicable.
- Necessary adjustments of prepaid real estate taxes.
- Fire insurance premium for one year, if there are improvements on the property.
- Any other adjustments of rents, deposits or interest, which have been received by or paid by the seller.
- Inspection fees as stated in the contract.
- Assumption fees, if any, in taking over an existing loan.
- Loan trust funds on any loan which may have been prepaid by the seller, and which is assumed by the buyer.
Note: Recording charges are set by the California statutes and are collected by the County Recorder. They are $7.00 for the first page and $3.00 for each full page or portion thereafter, for letter size documents. There is a $3.00 pre page penalty applied to the entire document if any page within the document is legal size.