Selling a House Closing Costs |
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It is standard real estate practice for the Realtor® or real estate agent to charge a small commission for selling a house this is how we make our money. See the table below for a more detailed list of potential closing costs, but the main ones are listed here:
- Broker's commission the amount a broker, Realtor®, or real estate agent charges for selling your home will vary based on the size of the house and the number of services provided. Please fill out our seller's questionnaire and a Habitat Hunters Realtor® will contact you to discuss brokerage fees and other closing costs.
- Appraisal $350 to $450 to have a professional estimate the value of your home or property.
- Owner's Title Policy Also known as title insurance, this protects the mortgage lender and/or property owner from unknown or undisclosed defects in the title, in case someone not listed in the title history claims that the property actually belongs to them. This cost is approximately 1% of the sales price.
- Taxes the buyer is usually credited the prorated amount of any unpaid property taxes for that year. In other words, if the house is sold in March and property taxes are due in April, the new buyer does not have to pay property taxes for the entire year, when he only lived in his new home for one month.
- Legal fees the cost of your mortgage or real estate attorney usually won't be more than $150 to $300.
- Recording fees - $15 to record documents into public records.
- Unpaid mortgage although unpaid mortgage debt is not usually considered a closing cost, you will have to pay off the remainder of the mortgage on your home.
Depending on the contract, the seller often gets stuck with a significant portion of the buyer's closing costs. By letting our negotiation skills work for you, we'll help you minimize those costs and increase the sale price of your home, leaving more money in your pocket at the end of the day.
Allow our expertise and tireless effort to work for you!
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