In our market, sellers also pay 1% of sales tax, and preparing the deed.Other costs include overnight charges, office fees , and home warranties. I tell sellers to expect 8-10 % of the sales price.

Julie,

Any reliable listing agent has a summary of typical seller costs in your specific area. You should be able to get this from your agent. Based on this question, and your previous questions, call 3 agencies in your area and tell them you're considering using an agency to list your home for sale and you need a "listing presentation". As part of that presentation, ask all the questions you want about what they think you should be selling your home for and why. You need the data and should get it in the listing presentation.

Remember, your best source for finding an agent to list your home is going to come from trusted sources, like friends, family, and neighbors that you know well. Not someone like me who you never even met, or offers to send you to someone they probably never met.

And don't feel bad about the transition from FSBO to listing your home with a realtor, by some estimates, over 70% of all FSBOs eventually realize their best bet in selling their home is through a realtor. Obviously that percentage decreases in a hot sellers market, but that doesn't exist in too many locales these days.

Regards,

Jeffrey

Regards,

Jeffrey

Julie:

Seller's fees depend on many factors, including the price of the home; the required city, county and state transfer fees; and local custom. However, as a safe rule of thumb, we use 2%. I have rarely seen it come in higher than that unless the property is in a planned community where the HOA imposes a transfer fee in accordance with the CC&Rs or there is a contractually imposed Transfer Fee (per a security instrument or other contractual document). There is no rule of thumb for these. Your preliminary title report should disclose if such fees exist.

Before you list your property, have the listing agent prepare a seller's net sheet for you. They will usually have their preferred escrow officer do this, and the escrow company will be aware of most, if not all of the fees for your area.

Remember, in addition to selling fees you may need to come up with money for termite (especially if the house has not been treated in recent years) and for buyer requested repairs (after they do their inspection). You, as the seller, should provide your agent with information regarding the condition of the home. We often suggest having pre-sale inspections done so you know what to expect, especially if you have been in the home for a long time.

Best of luck in selling your home.

Shel-lee Davis
Real Estate Consultant
RE/MAX Palos Verdes Realty