What does it really cost to sell your home? If you’re thinking about selling your home, you may be asking yourself that. So what are the typical closing costs for a seller?
You’ll usually have to pay a title insurance company to perform the closing. They’ll draw up the deed, write a new one, and move money around during the process. You’ll also be charged your share of property taxes from the first of the year to the closing date.
If you’re in an HOA, you may have some prorated costs due as well. Sometimes, you may be asked to pay some fees on the buyer's behalf, such as their closing costs. Of course, you also have to pay off the remainder of your mortgage.
“You definitely get your money’s worth when you pay for an agent."
If you’re working with an agent, you’ll also have to pay their commission as well. Some people decide not to work with a Realtor because they want to save money, but interestingly enough, most sellers who sell their homes on their own only get 89% to 91% of the asking price.
Selling by yourself can mean anywhere from an 8% to 10% discount on the asking price, so if you’re paying an agent a 5% commission, you’re still coming out ahead. Agents have a much better track record of getting the full price. Not to mention that we bring professional marketing, photos, and a better knowledge of how to price your home to the table.
We might even be able to get more for your house than you thought you could; this past week, we sold a property for $15,000 more than what the seller thought they could get. You definitely get your money’s worth when you pay for an agent.
I’d love to send you a list of all your closing costs as a seller. Just email me at charlotte@charlottemabryteam.com. I can even give you a breakdown specific to your home if you send me your property address. If you have any questions, feel free to call me as well.
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