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Associated Taxes and Fees
There are some costs that come with purchasing a home. Learn about them here.
Property Transfer
Transfer tax is a transaction fee imposed on the transfer of land or real property from one person (or entity) to another. Transfer tax includes country transfer tax and city transfer tax (if applicable).
Closing Costs
Closing costs are fees associated with your home purchase that are paid at the closing of a real estate transaction. Closing is the point in time when the title of the property is transferred from the seller to the buyer. This includes escrow fee, loan origination fee, title insurance, underwriting fee, etc.
Sewer Lateral
In 2009, the United States Environmental Protection Agency(EPA) and the California Regional Water Quality Control Board ordered the East Bay Municipal Utility District (EBMUD), six EastBay cities and one sewer district to fix old, cracked sanitary sewer pipes. Affected property owners must obtain a certificate from EBMUD certifying that all of their private sewer lateral are leak-free. Property owners may also voluntarily choose to have their laterals tested and certified.
Sidewalk Ordinance
The Side Walk Ordinances address the backlog of private sidewalk repairs in the City of Oakland and reduce City liability related to private sidewalk damage. The ordinances would require sidewalk repairs upon title transfer of real property and would establish joint liability for injuries resulting from sidewalk damage.
Information provided courtesy of Gabrielle Hooks, DRE 02138118
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Gabrielle Hooks
Realtor, EXP Realty, DRE #02138118
Area of Speciality:
East Bay, Tri City Area, South Bay
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(510) 350 - 3025
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Gabrielle is online now and ready to chat.
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