What’s the price of selling your house? As a seller you will experience an array of taxes, fees, commissions, and various closing costs that may whittle from 4 to 7 percent of the sales price. So how much net profit will you walk away with? You should be provided with a Seller’s Estimated Net Proceeds worksheet by your agent, which will list the expenses that will be deducted at the closing table.

Here are some of the closing fee’s you will encounter:

·         Mortgage payoff balance

·         Loan payoff fee

·         Lien releases

·         Prepayment penalty

·         Recording fees

·         Commissions for listing and selling agents

·         Notary fees

·         Escrow fees

·         Title search fees

·         Seller concession

·         Repairs

·         Home warranty         

There may be other costs associated when selling your house. If you are unsure, please do not hesitate to contact me by my phone or email and I will be happy to answer any questions you have. 626.757.4484 | Elliot@Elliot-Lee.com