The cost of selling your home will typically amount to 7 to 9 percent of its sale price.
The majority of these expenses are deducted from the sale proceeds – if you don’t sell, you don’t pay.
In general these are some of the selling costs you may encounter at closing:
– Recording fees
– Commissions for listing and selling brokers
– Notary fees
– Escrow fees
– Title search and insurance fees
– Transfer fees
– Home warranty (if applicable)
– HOA docs (if applicable)
– Termite report and termite clearance (if applicable)
Other items you may see deducted in your Seller’s Estimated Net Proceeds worksheet at closing include:
– Mortgage payoff balance (if applicable)
– Loan payoff fee (if applicable)
– Lien releases (if applicable)
– Seller concession/credits (if applicable)