FAQ

The Help Center

What percentage of closing costs of the overall property value can I expect?

Closing costs in California can vary, but in general, California homeowners can expect to pay anywhere from 6 to 10 percent of their home’s selling price to close the deal.
Factoring in closing costs – the additional costs outside of normal realtor commissions – is an important step in the process. There’s more to it than just subtracting your loan balance from the agreed upon purchase price. Typically, as long as your home has built up equity (meaning, it’s worth more than what you paid for it), most sellers don’t have to come up with cash to cover the costs listed below. If you’re upside down on your home (meaning it’s worth less than the initial purchase price, then in all likelihood, it’s going to cost you to sell it.

How will you find potential buyers/renters for my property?

In order for Cornelius Estates to find you a buyer or seller in a timely manner we leverage our vast network in San Diego as well as using the most up to date software and social media accounts.

What percentage of your monthly income should be spend on housing expenses such as the montage, pmi, property taxes, etc..?

As a general rule, you want to spend no more than 30 percent of your monthly gross income on housing. If you’re a renter, that 30 percent includes utilities, and if you’re an owner, it includes other home-ownership costs like mortgage interest, property taxes and maintenance.