As the seller you are also responsible for the preparation of the deed to buyer. The buyer's title company or attorney may offer to prepare that and deduct the cost from your proceeds, or you may have an attorney or title co. of your choice prepare the deed and deliver their invoice and the deed to the closing entity. This can vary, but along with miscellaneous seller charges, say, $200-300.
Note that if your property is in a flood zone, the buyer may ask you to pay for a base flood elevation survey to be done to prove that your house is indeed NOT in a flood zone otherwise the buyer will be paying flood insurance.
There is a real estate commission if you engage the services of a broker. That cost will be as provided in your listing agreement.
Finally, you should be aware that if your property is in the price range, say under $250,000 for example, where federally-backed loan programs (e.g., FHA, VA, USDA-RD) are popular with buyers, buyers will be asking for you as the seller to contribute to their closing costs and prepaid expenses. Lenders typically tell buyers the amount of loan they are qualified for and the maximum credit to closing costs they can receive. Then, based on that buyers will often make offers asking you to contribute at the maximum amount their lender stated.
You might say that you will not make any such contribution, but the reality is that if your home is attracting that group of buyers, they need your help to get the deal done. If you are working with an agent, he/she should have covered this in order to set your expectations. Or, you might say that you will just add an amount onto the agreed price to cover that. However, in this case you have to be sure that the property is going to appraise. It can be a tightrope.
Regardless of what lenders have approved for the buyer, you can figure roughly 3.0 to 3.5% would be the amount most buyers will need excluding interest rate buy-dwns (points) or fuel proration which you could specifically state are not to be included in figuring the credit.
Very important that the contract either state a specific dollar amount or say "UP TO" the percentage. I have seen several cases where stating exclusions and saying "up to" has resulted in an additional net to the seller of $1,000 or more. IN a transaction of say $150,000 it is very hard to find moe than 3-3.5% of allowable costs although buyers will have it stuck in their minds that they can get that 5-6% that their lender mentioned.
Hope that is helpful.
Chuck Braxton, REALTOR GRI
Roche Realty Group, Inc.
Best of luck! Please feel free to call or email anytime with furthur listing questions . I'm right here in Antrim!
Jenn Clifford, REALTOR
Manning Williams Agency
Direct: (603) 588-3778
All the Best!
Phyllis and Steve Brown
The Brown Home Selling Team at RE/MAX Insight
The transfer tax is split between seller and buyer. So each party pays $7.50 per thousand. Lets make this easy, if you sell your home for $100,000, you and the buyer would both pay $750.00 for the transfer tax.
Hope this answers your question.
Prudential Verani Realty
The transfer tax in NH is 1.5% of the sales price and is typically split 50/50 between the buyer and seller...
Please let me know if I can help further...
Lee P. Johansen
Keller Williams Realty Metropolitan
168 South River Rd. Suite 1A, Bedford, NH 03110
Licensed in New Hampshire
OH BY THE WAY
I'm never too busy
for your referrals