Posts Tagged ‘closing costs’

Sellers Closing Costs

Posted on: May 3rd, 2012 No Comments

The following are costs typically paid by the seller at a home closing:

Brokers Commission

If you’ve used the services of a real estate agent to sell your home, you’ll be paying anywhere from 6% to 10% of the home’s sales price in commissions.

Items Unpaid by Seller

Property taxes, homeowners association dues, and condo association dues

Encumbrances

Balances remaining on mortgages, home equity loans, or liens.

Government Recording and Transfer Charges

Documentary Tax on Deed ($0.70 for every $100 of sales price).

Seller Paid Closing Costs

In the current market, sellers are doing all they can to get their homes sold. It has become very common for buyers to ask sellers for financial assistance and it usually comes as seller paid closing costs.

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