In your situation...I think this is a pretty good start..
Sellers Costs:
-state excise tax of 1.78% of sale price (this is the big one next to agent commissions which you'll have none)
-half the escrow fee which is based on sale price (ie. $450K house is $1400 total, ..so cost to you $700)
-title insurance to buyer, based on sale price (ie, $450K house is upwards of $1120 total)
-remaining balances of loans that are on the house, plus any pre-payment penalties
-utility payoffs (could range from $0 to whatever is owed to the utilities)
-oh..there's sales tax on title and escrow
-different escrows will charge some junk fees for stuff... just negotiate them out.

Buyers (assuming there is a lender involved):
-pro-rated county property taxes
-all lender fees which can include origination fees, tax services, appraisals, credit reports, etc.
-loan interest from day you closed to first of the next month
-home owner's insurance policy (some (all?)) lenders won't give you a loan unless you have insurance)
-the other half of escrow
-title insurance to the lender
-recording fees to the county
-sometimes other miscellaneous junk fees...try to negotiate them out...the one that annoys me is an email doc fee. ..they charge you to email the documents ..they claim it's to cover the cost of toner. I say..that's the cost of doing business.

Sorry, I can't give you exact numbers on the lender fees.. Often times the origination fee is 1% of the amount being borrowed. Appraisals can be $400-$500 bucks, credit report is around $35... ask the lender for a good faith estimate and that should have all the fees there.

The big cost for the buyer is the loan fees + title + escrow. For the seller ...in your case without an agent..it's excise tax + title + escrow.

Good luck. Check the web reference for escrow and title rates. there are lots of companies, but not everyone publishes their rate schedule.

Thu Mar 13 2008, 22:42

The largest of the closing costs to the seller will be the state Excise tax which is 1.78%. To the buyer, it's usually the loan fees. Other closing costs will be title and escrow fees, property tax, insurance and other misc. fees. The final total wouldn't be known as it calculated as of the actual closing date. The Title company can provide you with what is called an estimated HUD statement which is usally pretty close. The basic rough number I use going in is about 3% of the sales price to each the buyer & seller. It should not be worse than that unless there is something out of the ordinary.

Thu Mar 13 2008, 22:37