What are the typical closing costs in a commercial real estate transaction?

In a commercial real estate transaction in California, there are usually a range of closing costs associated with the transaction. These closing costs are typically split between the buyer and the seller of the property. For the buyer, some of the common closing costs include loan origination fees, points (or prepaid interest), appraisal fees, title search fees, credit report fees, survey fees, and closing costs. Some of the closing costs paid by the buyer may also include property taxes, HOA dues, transfer taxes, and prepaid interest on the loan. For the seller, some of the closing costs typically include legal fees, title insurance, realtor commission, and lender fees. Additional costs may also include the cost of transferring ownership, taxes, and transfer stamps. In most cases, both the buyer and the seller are responsible for their respective closing costs, both of which can vary depending on the kind of property being purchased. It is important to remember that closing costs can be negotiated, with the buyer and seller both agreeing to split the costs in whatever agreement is reached.

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What are the typical closing costs in a commercial real estate transaction?

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