When selling El Dorado County property, the seller can normally expect to pay the following expenses and/or adjustments (depending on each contract):
- Interest on current loans up to the date of payoff or assumption.
- Prepayment penalties on loans being paid off, if applicable.
- Reconveyance fees and other fees required by lenders in connection with paying off their loan.
- Cost of recording reconveyances of loans being cleared, wire fees, and/or courier fees.
- Payment of any judgments, attachments, or tax liens, etc. and cost of recording releases.
- Real estate commission.
- One-half of Owners Policy of Title Insurance and Escrow fee based on sales price (unless contract states differently).
- Transfer Tax on Deed. Transfer tax is based on sales price, rounded up to the nearest $500.00. Tax is $1.10 per $1000.00
- Personal property taxes levied against the real property.
- Prepaid rents and rental deposits, if any.
- Notary fees and preparation of the Deed.
- Any repairs to the property, as required by the contract.
- All delinquent taxes and bonds, and property taxes up to the date of closing.
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 per page penalty applied to the entire document if any page within the document is legal size.