What Does Downsizing Cost in California?

One-time costs when you sell

Commissions and seller closing costs are often estimated around 5–7% of the sale price combined; the calculator uses 6% by default, and you can change it. Sellers may also pay title, escrow and county/city transfer taxes, plus pre-sale repairs and any buyer credits.

One-time costs when you buy

Buyer closing costs (lender fees, title, escrow, inspections) are commonly 1–3% of the price. Moving, storage, estate sales or downsizing services add more, depending on how much you're moving.

Ongoing costs that change

• Property tax: generally about 1% of the purchase price plus local assessments, unless a Prop 19 transfer applies.
• HOA dues: common with condos and townhomes, and they can rise.
• Insurance: condo and coastal policies vary widely.
• Maintenance: usually lower in a smaller or newer home, but not zero.