Facebook
X
Pinterest
Copy Link
Understanding Closing Costs in Redondo Beach: A Buyer and Seller’s Guide
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:
-
Loan Origination Fees – Paid to your lender for processing your mortgage.
-
Appraisal and Inspection Fees – Covering professional assessments of the home.
-
Escrow Fees – Charged by the neutral third party who manages funds and paperwork.
-
Title Insurance – Protects against claims or disputes about property ownership.
-
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:
-
Agent Commissions – Typically 5%–6% of the sale price, split between the listing and buyer’s agents.
-
Escrow Fees – A portion of the escrow services cost.
-
Title Fees – Covering the transfer of title to the new owner.
-
Repairs or Credits – Negotiated with the buyer after inspections.
-
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
-
Ask for a Closing Disclosure Early – Buyers can review a detailed breakdown before signing.
-
Negotiate Smartly – In some cases, you can request a seller credit to offset costs.
-
Compare Lender Fees – Not all lenders charge the same origination or processing fees.
-
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.
🔗 Helpful Resources:
Moving with Your Dog? Here’s How to Make It Stress-Fre
Get your puppy ready for the new home
You got the house of your dreams—congratulations! Now it’s time to move in and bring your beloved pup along for the adventure. As exciting as this new chapter is for you, it can be a big adjustment for your furry friend. Dogs thrive on routine and familiarity, so a move can feel overwhelming for them. As a devoted dog lover myself, I know how much you want to make this transition as smooth and stress-free as possible. With a little planning and some extra love, you can help your pup settle into your new South Bay home with ease. Here’s how!
Moving with Your Dog? Here’s How to Make It Stress-Free
Before the Move
- Minimize Stress: Dogs thrive on routine, and moving can disrupt their sense of security. A few months ahead, consult your veterinarian about strategies to keep your dog calm during the transition. This might include calming aids or behavioral techniques.
- Skip the Prep Work: Consider selling your home directly to a buyer to avoid the hassle of showings and repairs. This can reduce stress for both you and your dog.
- Safety First: Before introducing your dog to the new home, inspect for hazards like leftover renovation materials or unsecured areas. Ensure the environment is safe for your pet.
- Dog-Friendly Features: Identify what’s essential for your dog. Does the home have a fenced yard? Is the neighborhood walkable? Proximity to dog-friendly parks and beaches in the South Bay can enhance your dog’s quality of life.
- ID Microchip: Ensure your dog has an updated ID microchip. In a new environment, there’s a risk of your pet getting lost, and a microchip can facilitate a quick reunion.
During the Move
- Pet Sitter: On moving day, consider having your dog stay with a trusted friend, family member, or pet sitter. This keeps them away from the chaos and allows you to focus on the move.
- Safety Measures: Equip your dog with a GPS collar or attach an Apple AirTag to their collar to monitor their location during the move.
After the Move
- Acclimate Slowly: Introduce your dog to the new home gradually. Start with a leash walkthrough, allowing them to explore while feeling secure. Bringing along their favorite unwashed blankets or toys can provide comforting familiar scents.
- Pet-Proofing: Ensure the new home is safe by securing loose wires, installing window screens, and setting up pet gates where necessary.
- Update Information: Once settled, update your dog’s microchip details and collar tags with your new address and contact information.
By taking these steps, you can help your dog adjust smoothly to your new home in the South Bay.
Settling into a new home is a big adjustment for both you and your pup, but with a little preparation, you can make the transition smooth and stress-free. Whether you’re moving to Manhattan Beach, Hermosa Beach, Redondo Beach, Palos Verdes, El Segundo, or any of the beautiful communities in the South Bay, finding the right home for you and your furry friend is essential. If you need help finding a pet-friendly home that fits your lifestyle, I’d love to assist you in your search—let’s make your move a pawsitive experience!
