Los Angeles, CA local closing costs

Cost to sell a house in Los Angeles, CA.

On a typical $245,000 Los Angeles sale, total seller costs to list and close traditionally run about $20,677 roughly 8.4% of the sale price. Here's the line-item breakdown.

Median DOM: 24 days
Median income: $70,181
Total transfer rate: 0.56%

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List with an agent

$245,000 sale price

Agent commission (5.5%)$13,475
State + local transfer tax (0.56%)$1,372
Owner's title insurance (0.4%)$980
Recording / settlement / attorney$1,200
Pre-listing repairs (1%)$2,450
Staging + photography$1,200

Total costs$20,677

Net to seller$224,323

Time to close varies with market demand, financing, inspections, and title work.

Home Posted cash offer

$191,100 offer (~78% of retail)

Agent commission$0
Transfer tax(Buyer pays)$0
Title insurance(Buyer pays)$0
Closing / attorney fees(Buyer pays)$0
Repairs(As-is, buyer's problem)$0
Staging / photography(Not needed)$0

Total costs$0

Net to seller$191,100

Timing, contingencies, and seller costs are stated in the written offer.

Net difference

Listing nets you more: $33,223

The trade is time, certainty and effort vs the last few percent of retail. If your house needs repairs or you can't wait 90 days, the cash path usually wins on the math too.

Attorney required?

Not required in California, but title companies handle most closings.

Transfer tax

California state documentary tax is $1.10/$1,000; many cities add their own.

Repair credits

On a traditional listing, post-inspection repair credits in Los Angeles commonly cost sellers another $2-8k beyond the budget above.

Los Angeles adds a local surtax

LA documentary transfer tax, +0.45%

Los Angeles adds a 0.45% city transfer tax; Measure ULA stacks 4% above $5M and 5.5% above $10M.

Result: on a $245,000 sale, Los Angeles's transfer tax line is $1,372 instead of $270 at the state baseline.

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