How much does it cost to sell a home? There is no black and white answer to this question. Everything is a gray area when it comes to closing costs because every situation is different. Today I want to go over some of the basic closing costs involved and an easy way to get a ballpark estimate of what these costs will run you.
Some of the most common closing costs include:
- Escrow fees
- Title fees
- HOA fees
- Payoff demands
- Reconveyance fees
- Wire fees
- Courier fees
- Recording fees
Most of the time, your closing costs will add up to about 1% of the purchase price. If you’re selling for $500,000 for example, you’ll want $5,000 set aside for closing costs. However, as I said, each situation is different.
If you’d like a net sheet for your particular house and your situation, I’m happy to provide that for you. Remember that these closing costs don’t include commission fees.
If you have questions about closing costs, commissions, or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.