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Overview of Buyer’s Closing Costs in Marin County, CA

This article explains how much buyers tend to pay for closing costs in Marin County, California, for a typical home purchase in 2022. Please note that your costs could differ from the range presented below, for a number of reasons. Contact us with your mortgage questions!

Marin County is one of the more expensive real estate markets in California. As a result, home buyers in this market often have concerns about closing costs and other purchase-related expenses. One of the most common questions is: How much are buyer closing costs in Marin County?

The amount you have to pay when you close on a home can vary due to a number of factors. But generally speaking, home buyers in Marin County, California tend to pay somewhere between 2% and 5% of the purchase price in closing costs.

Overview of Closing Costs in Marin County, California

As with much of the San Francisco Bay Area, Marin County as a relatively expensive real estate market. As of spring 2022, the median home price in the area was well over $1 million.

Because of this, the average closing costs for home buyers in Marin County tend to be much higher than the national average. That’s just the reality of living in an expensive part of the country.

As mentioned above, home buyers in the Bay Area tend to pay somewhere between 2% and 5% of the purchase price in closing costs. But what does this translate to an actual dollars? How much can home buyers in Marin County expect to pay when they close on a house?

To get a better sense of the typical or average closing costs for the area, we can apply the percentages mentioned earlier to the median home value. As of spring 2022, the median house price in Marin County, California was around $1.45 million. That puts it on par, more or less, with the broader San Francisco Bay Area.

Here’s what typical closing costs might look like, based on that median price point:

  • 2% = $29,000
  • 3% = $43,500
  • 5% = $72,500

So based on the current median home value for Marin County, home buyer closing costs might range from $29,000 to upwards of $72,000.

But again, there are many variables that can affect how much a person has to pay when they close on a house. For example, some home buyers choose to pay mortgage discount points in exchange for a lower interest rate, while others do not. This variable alone can result in a big difference when it comes to the final closing costs.

Who Pays What, Between the Buyer and Seller?

As you might have guessed, the home buyer is typically responsible for most of the mortgage-related closing costs in Marin County, CA. That’s because it’s the buyer’s mortgage loan, thus they bear most of the costs associated with it.

Sellers, on the other hand, tend to pay for transfer taxes as well as the real estate agent / broker commissions. This is true for the broader San Francisco Bay Area, as well.

But most of these things are negotiable, just as the purchase price itself is negotiable. Home buyers in Marin County can negotiate with sellers to determine who is going to pay what. And it’s always wise to seek advice from a knowledgeable real estate agent, when making such decisions.

Current housing market conditions will partly determine who pays what. For instance, in a slower real estate market sellers might be more inclined to contribute money toward the buyer’s closing costs. While in a fast-moving and highly competitive market, sellers tend to be less inclined to make such “concessions.” It varies.

Need a Mortgage Loan in Marin County?

Do you plan to buy a house somewhere in Marin County, California? Do you need mortgage financing to facilitate your purchase? If so, we can help.

Bridgepoint Funding is located in the Bay Area and serves home buyers and homeowners alike. We offer a broad range of mortgage products, including both conventional and government-backed loans. We can also provide jumbo mortgage loans for amounts well over $1 million, for qualified borrowers.

As a mortgage broker, we have access to multiple lenders instead of just one. This makes it easier for us to find the right type of home loan for each individual client.

Please contact our staff if you have mortgage-related questions or would like to apply for a loan. We look forward to helping you!

Mike Trejo

Mike Trejo is a Bay Area mortgage broker with 20+ years of knowledge and experience.

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