A good strategy when selling your home in today's market is to structure it such that you receive competitve bids. That will generate competition and hopefully bring you the best PRICE. But the price will also have downward pressure by the buyer's loan appraiser who will bring the price in close to what similar homes have sold for. Another way a sharp buyer's agent will make their buyer more competitive is to offer to pay more of the TERMS.
In the case of a competitive bid on your home, the terms may give you a larger net than just competing on price, and save you from many of the costs outlined below.
Additionally, if you haven't paid property taxes you will have to pay a pro-rated portion from the time you last paid through the date of sale.
Commission to the listing agent and buyers agent (negotiable)
County transfer tax (based on sales price)
Title Insurance Fee
Natural Hazard Report
Notary fees for the closing
Demand fee from your current lender
Any possible "lender required repairs" which could include items like:
broken window, exposed wiring, appliances that don't work, pest report repairs
Other items depending on the offer you get and negotiation :
If you have a wood shake roof or roof has issues: 2 YR roof certification
Any negotiated repairs from the home inspection and request
Closing costs credit to buyer
Other fees could be added if the contract is a VA contract as VA does not allow the buyer to pay some costs
Its really hard to tell you what common costs there are without knowing condition of home, age, area and ultimately the buyer who put a contract on your home. Hope some of this helps
Realty World eCurb REALTORS
Lic # 01305148 CA
If you are thinking of selling your home I would contact three Realtors in your area and interview them. Ask them to provide you with a seller's net sheet so you know what your bottom line will be including commission.
If you are in a position where you are under water on your mortgage I would talk to someone about short selling your house. In most cases that would be a sale at no cost to you. Make sure you hire a experienced short sale Realtor in that case.
Bhttp://www.trulia.com/blog/laura_coffey_abr_qsc/2011/03/10_questions_to_when_interviewing_a_potential_real_estate_agentelow is a link to help you interview a agent.