What Closing Costs Should You Expect When Selling a Home in San Jose?

What closing costs should you expect when selling a home in San Jose?

When you sell a home in San Jose, you’ll usually pay agent commissions, escrow and title fees, transfer taxes, and possible repairs or credits. Kip and Tam help you understand these costs upfront so there are no surprises.

Understanding Closing Costs

Closing costs are the expenses you pay to finalize your home sale. In San Jose, sellers typically spend between 6% and 8% of the sales price on closing costs. These include both required fees and optional expenses negotiated with buyers.

Typical Closing Costs for San Jose Sellers

- Real Estate Agent Commissions: Generally around 5% to 6% of the sales price, split between buyer’s and seller’s agents.

- Escrow Fees: Paid to the escrow company for handling funds and paperwork—often split 50/50 with the buyer.

- Title Insurance: Protects the buyer against title issues. In Santa Clara County, sellers usually pay the owner’s policy.

- County Transfer Taxes: $1.10 per $1,000 of value in Santa Clara County.

- City Transfer Taxes: San Jose charges an additional $3.30 per $1,000.

- HOA Fees (if applicable): Document prep, transfer, or move-out fees.

- Repairs or Credits: Costs you agree to cover during inspection negotiations.

What About Capital Gains or Taxes?

Some sellers may face capital gains taxes depending on how long they’ve owned the property and whether it was their primary residence. Always consult a tax professional for specifics, since every situation is unique.

Why Closing Costs Vary

Your final costs depend on your home’s price, location, and negotiated terms. For example, homes in Almaden or Willow Glen may have higher HOA transfer fees, while older homes may require more credits for repairs.

How Kip and Tam Help

Kip and Tam of The Barnard Group at Compass provide detailed net sheets before you list your home. These estimate your closing costs so you know what to expect and how much you’ll walk away with after the sale.

Real Example

A recent Cambrian seller listed with Kip and Tam. Their $1.45M home carried about $95K in commissions, fees, and taxes. Because they knew upfront, they were able to plan their next purchase confidently.

Talk to Kip and Tam

Thinking about selling your San Jose home? Kip and Tam can prepare a personalized breakdown of your closing costs.

Visit www.kipandtam.com to request your free home consultation.