WHAT ARE SELLER CLOSING COSTS?
Closing costs are fees associated with your home sale that are paid at the closing of a real estate transaction. The closing costs are listed on the closing statement that the escrow company provides.
Closing costs are negotiable between buyer and seller. A good agent can navigate to reduce the amount of fees a seller pays at close of escrow.
The purchase contract the buyer and seller agreed to and sign is given to the escrow company. The purchase contract gives the escrow officer instructions as to who is paying what fees that will be listed and itemized on the closing state.
WHAT FEES CAN A SELLER EXPECT AT CLOSING?
The seller generally will pay:
- Owner's title insurance premium
- Realtor's commission
- Escrow Fee, 1/2 (except seller pays all on VA)
- Half of recording charges
- HOA transfer fees (negotiable per HOA addendum)
- Interest if you have an existing mortgage
- Home warranty (negotiable per the purchase contract)
- All prepaid items (interest, property taxes, HOA dues, ect)
- Courier fees
- Any judgements, tax liens, etc., againt the seller
- Any property repairs per the contract that are paid out of escrow
How Much Are Seller Closing Costs?
Excluding real estate commissions, closing cost fees will range from $1,500 on the low side to $3,500 on the high side.
Then you also have to consider the real estate commissions. Realtor’s commissions vary depending on the sales price.
We can provided an estimated cost sheet for you so you can get an idea the amount of money you would walk away with when selling a home.
Can Home Sellers Avoid Closing Costs?
NO there are always fees when selling a home!
When accepting an offer, as a seller, make sure you understand the fees the buyer is asking you to pay. Closing cost fees are negotiable.
If you work with us we will give you $500 towards your closing costs!
SAVE $500 ON YOUR CLOSING COSTS!
Expenses Not On Your Closing Statement... The cost to move!
FREE... Moving Truck!
Not listed on your closing statement are your moving expenses.
If you use us to sell a home you can use our moving truck for FREE!
To read about buyer closing costs: CLICK HERE
