Posts Tagged ‘closing costs’Posted on: May 3rd, 2012 No Comments
The following are costs typically paid by the seller at a home closing:
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
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.
Tags: closing costs