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Redondo Beach offers coastal living with unique costs to consider when buying or selling
When buying or selling a home in Redondo Beach, it’s easy to focus on price, location, and negotiations. However, one factor that often surprises both buyers and sellers is the closing cost. These are the expenses that finalize your real estate transaction, and understanding them is key to avoiding stress and planning wisely.
What Are Closing Costs?
Closing costs are the fees and expenses you pay at the end of a real estate transaction, on top of the purchase price (for buyers) or deducted from the sale proceeds (for sellers). They typically cover services like loan origination, escrow, title insurance, property taxes, and recording fees.
Closing costs cover the final steps of every Redondo Beach real estate transaction
Typical Buyer Closing Costs in Redondo Beach
As a buyer, you can expect your closing costs to range between 2% and 5% of the home’s purchase price. For example, on a $1,000,000 Redondo Beach home, costs may be between $20,000 and $50,000.
Common Buyer Expenses:
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Loan Origination Fees – Paid to your lender for processing your mortgage.
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Appraisal and Inspection Fees – Covering professional assessments of the home.
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Escrow Fees – Charged by the neutral third party who manages funds and paperwork.
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Title Insurance – Protects against claims or disputes about property ownership.
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Prepaid Taxes & Insurance – Property taxes and homeowner’s insurance are due at closing.
A young, happy couple is buying a new home and receiving the key from their real estate agent.
Typical Seller Closing Costs in Redondo Beach
Sellers usually pay more in closing costs, although many of these are tied directly to the sale proceeds. In Redondo Beach, sellers should budget around 6%–8% of the final sale price, with most of this being agent commissions.
Common Seller Expenses:
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Agent Commissions – Typically 5%–6% of the sale price, split between the listing and buyer’s agents.
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Escrow Fees – A portion of the escrow services cost.
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Title Fees – Covering the transfer of title to the new owner.
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Repairs or Credits – Negotiated with the buyer after inspections.
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Transfer Taxes – Fees paid to the city or county for recording the transaction.
Sellers typically cover commissions, escrow fees, and title costs
Why Closing Costs Matter in Redondo Beach
Because Redondo Beach homes often sell in the $1M–$2M+ range, closing costs can be substantial. Buyers need to prepare cash reserves, while sellers should calculate net proceeds realistically. In competitive markets, sellers may even agree to cover some buyer costs to help finalize a deal.
Typical buyer vs. seller closing cost distribution in Redondo Beach real estate transactions
Tips to Prepare for Closing Costs
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Ask for a Closing Disclosure Early – Buyers can review a detailed breakdown before signing.
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Negotiate Smartly – In some cases, you can request a seller credit to offset costs.
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Compare Lender Fees – Not all lenders charge the same origination or processing fees.
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Work with a Local Expert – An experienced South Bay agent ensures no hidden surprises.
About Me: Your South Bay Real Estate Partner
I’m Malena Koki, a second-generation real estate agent with over 16 years of experience living and working in the South Bay. As part of Coldwell Banker Realty in Manhattan Beach, I’ve helped families, investors, and downsizers navigate the unique real estate opportunities that Redondo Beach offers.
Because I’ve lived in Los Angeles for more than 16 years with my husband, two children, and our three poodles, I understand both the lifestyle and financial aspects of buying or selling here. My background in investment property, global perspective from living in Japan and Europe, and concierge-level service allow me to guide clients seamlessly through every stage of their real estate journey.
Final Thoughts
Closing costs in Redondo Beach can feel overwhelming, but with the right preparation, they don’t have to be. Buyers should budget carefully, while sellers must calculate net proceeds to plan their next move. Because every transaction is unique, having an experienced local agent by your side can make all the difference.
✨ If you’re planning to buy or sell in Redondo Beach, I’d love to walk you through the process step by step. Contact me today for a personalized closing cost estimate tailored to your property.
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