The $25,000 Bill Nobody Warns California Home Buyers About (Closing Costs Explained)

You saved the down payment. Then two weeks before closing, a $25,000 bill for "closing costs" shows up, due in cash. In this video we break down the 5 fees hiding inside that number on a typical California home, and a completely legal way to erase most of them. The 5 fees on a $900K home: Lender fees: $4,000 - $9,000 Title + escrow: $4,000 - $7,000 Prepaids (taxes + insurance + interest): often $10,000+ Inspections + appraisal: $1,000 - $2,000 The "junk drawer" (HOA transfer, doc prep, recording, notary): $1,000+ The move that beats them all: the buyer rebate. On a $900K home the built-in buyer-agent commission is about $22,500. After our $7,500 flat fee, $15,000 comes back to you at closing, enough to wipe out most of your closing costs. See your exact number: https://cashbackre.com Chapters: 0:00 The $25,000 surprise 0:24 What closing costs actually are 0:44 Fee 1: Lender fees 1:07 Fee 2: Title + escrow 1:29 Fee 3: Prepaids (the surprise) 1:51 Fee 4: Inspections + appraisal 2:11 Fee 5: The junk drawer 2:35 The total bill 2:53 Three standard moves 3:14 The move that beats them all 3:37 Legal + our fee schedule 3:57 See your number CashBack Real Estate is a licensed California brokerage serving Los Angeles, Orange County, and Ventura County. CA DRE #02053764. [Add Ardy's DRE #01448134 if you want it shown.] For education only. Not tax or legal advice. Rebates are subject to lender guidelines. Consult your tax professional.