The Costs of Selling a Home
We all know that buying a home can be a large expense; however, sellers also need to be aware of the costs and fees on their end of the deal. Depending on the sales contract, sellers will pay for a home warranty, a survey, an HOA transfer fee, a title policy and title fees, attorney fees, arrears property taxes, and possibly even some of the buyer’s closing costs. While this may seem like a small fortune, sellers should expect to negotiate a few of those fees, resulting in fewer closing costs. Depending on the sales price of the home, the seller should ultimately expect to pay between 7-10% of the sales price on closing fees.
closing:The final, legal act of a transaction, where contracts are agreed upon and finalized, and monies are exchanged.
