What Are Closing Costs When Selling a House?

If you are selling your home, you want one clear number.
What will you walk away with at closing?

Seller closing costs are lower than buyer costs. But you still need to know what is included.

Here are the typical seller closing costs:

Title and closing fee around $700
County fees around $92
State deed tax about 0.34 percent of the sale price
HOA related fees if you are in a townhome or association

These costs are straightforward and easy to estimate.

Now let’s talk about commission.

Commission is not technically a closing cost. It is part of the real estate transaction. It is also one of the largest expenses and it directly affects your bottom line.

Here is what matters:

Commission is negotiable
It is agreed upon between you and your agent
It is fully disclosed upfront
It is included in your net sheet

When I meet with sellers, I include commission in the net sheet so you see your true bottom line. There is no guesswork.

The net sheet shows:

Sale price
Mortgage payoff
Closing costs
Commission
Estimated proceeds

In most cases, I am within about $1,000 of the final number.

You also need to be aware of title work.

Sometimes a lien or judgment shows up. This could be a credit card or past debt. The title company finds this early so we can resolve it before closing. In many cases, we can negotiate these liens and still move forward with the sale.

Property taxes and insurance can adjust your final number depending on timing. Those are the only variables.

The key is simple.

When everything is laid out upfront, there are no surprises. You know exactly where you stand before your home even hits the market.

If you are thinking about selling and want a detailed net sheet that shows exactly what you will walk away with, call or text 952-994-7204.