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Andrew Hong's Blog

By Andrew Hong | Agent in Fremont, CA

Closing Costs to Expect for Sellers

Closing Costs to Expect as a Seller
By Andrew Hong with Excel Realty


When selling their home, many people forget to consider the many hidden costs that come with every transaction.  These hidden costs are normally called "closing costs".  Below is a list of common ones that you should expect when selling your home:

  • Title insurance fees depend on the sales price of the home.
  • Broker's commission is a full-service fee and will cost anywhere between 5% to 7%.
  • Local property transfer tax, county transfer tax, state transfer tax, and state capital gains tax are the charges that you'll pay for the privilege of selling your home. Credit to the buyer of unpaid real estate taxes for the prior or current year are variable and depend on when you close and when your taxes are due.
  • FHA fees and costs are all fees are now negotiable between an FHA buyer and seller.
  • Home inspections fees are in some circumstances paid for by the seller and include pest, radon and other inspections.
  • Miscellaneous fees can accrue from correcting problems noticed during the home inspection.

  You can visit my site for  the original article, relatable content, or other useful resources  at www.FremontExcelRealty.com.  

 
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