Customary Types Of Costs To Sell A Home

Dated: 03/13/2018

Views: 46

IT COST $$ TO SELL YOUR HOME....Customary Types of Costs to Sell a Home

Florida- example, documentary transfer tax is calculated on cents per of the sales price. 

It might not seem like a lot of money in comparison to the sales price, but for a buyer, it adds up. I suspect one reason so many fees are typically paid for by the seller is because the buyer already pays a lot of closing costs just to obtain a loan. Maybe the idea is the seller is the person with typically the most money?

The largest fee will most likely be the real estate commission. This is a place where some sellers try to scrimp and probably should not. If a seller hires the right agent, that agent will most likely earn her fee back and then some through her handling of the transaction. The National Association of REALTORS routinely conducts surveys that show sellers earn about 20% more by hiring a REALTOR® over selling a home by owner.

Some of the fee are listed below....

  • City transfer taxes

  • Delivery or courier

  • Document preparation

  • Escrow

  • HOA docs and transfers

  • Home Warranty

  • Loan tie-in

  • Loan payoffs and beneficiary demands

  • Property taxes

  • Recording

  • Title insurance for owner's policy

  • Pest inspections and pest completions

  • Wire

                                                                     

      VIVIENNE CUNNINGHAM,PA-REALTOR

    PREFERRED REAL ESTATE BROKERS

       321-231-8487

Image title


Want to Advertise on this Site?

Latest Blog Posts

Estate Homes In Kissimmee FL

California contemporary style homes in the heart of Kissimmee, Florida. This gated and intimate community features estate home sites with up to 3,564 sq.ft. of living area. The upscale designs

Read More

Universal Acquires More Property For Expansion

Clearing the way for a new theme park, Universal on Thursday acquired hundreds of additional acres in Orlando, along with the deed restrictions that once were intended to block such a project.The

Read More

House Rentals Outpace Apartment Boom

House Rentals Outpace Apartment Boom DAILY REAL ESTATE NEWS | WEDNESDAY, APRIL 11, 2018 The multifamily sector has seen a frenzy of apartment construction over the last decade, but it’s single

Read More

More Consumers Say Its A Good Time To Buy

More Consumers Say It’s a Good Time to Buy DAILY REAL ESTATE NEWS | TUESDAY, APRIL 10, 2018 The latest consumer sentiment index from Fannie Mae shows that home buyers don

Read More