Customary Types Of Costs To Sell A Home

Dated: 03/13/2018

Views: 180

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





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