Understanding The Typical Costs Of Selling Your Home In California

Selling a home in California involves various costs beyond commissions, and it’s essential for sellers to be aware of these expenses to make informed decisions. Here’s the typical costs associated with selling a home in California.

Interested in a clear breakdown of the costs you’ll face when selling your home? Let’s talk.

01

Pre-sale inspection fees

Home, roof and pest/woodrot pre-inspections done by you, are expected by sophisticated Bay Area home buyers.

02

Home Repairs and Improvements

To boost market appeal, and avoid safety callouts by lenders, you may need to make repairs or improvements. Costs vary based on the home’s condition and area.

03

Home Staging

Presentation is key, and many sellers opt for professional staging, high-quality photography, and cleaning with costs ranging from a few hundred to several thousand dollars. Staged homes sell for more.

04

Property Taxes and HOA document Fees

You pay property taxes until the closing date and settle any outstanding HOA dues if applicable. Your HOA will also charge you a doc prep fee.

05

Transfer Taxes and Miscellaneous Fees

Most Bay Area Counties and some cities impose transfer taxes, so be aware of miscellaneous fees related to document preparation and notary services.

06

Closing Costs

While buyers often cover most closing costs, you will be responsible for prorated property taxes, final utility bills, and any negotiated buyer credits.

07

Capital Gains Tax - IRS

Depending on the profit and individual circumstances, you may face capital gains tax to the IRS. Seek advice from a tax professional to know your numbers, As a CPA, we can help.

08

Ordinary Income Tax - State

In California, gains on the sale or your primary residence over a certain amount is taxable. Seek advice from a tax professional to know your numbers. We can help.

Interested in a clear breakdown of the costs you’ll face when selling your home? Let’s talk.