You definitely are stressed out right now that is pretty obvious. I know you are moving out of state so geez that in itself is pretty stressful! Much of selling a house is out of your control. Probably means about zero to you at the moment, but that is the truth what we can't control is not worth the emotional stress.
On the flip side you do have a lot of decisions to make coming up. What I really think is you may need a little direction at this time and that could help actually quite a bit.
Besides sending you sold comps and just giving you a piece of my mind on the market I am more than happy to give unbiased advice if you want it. You are not the only person selling their home and dealing with all the emotions that are going on right now. It may be just good to talk to someone.
I'm so sorry you've had an uncomfortable experience with home owning. This time we've experienced the last few years is UNPRECEDENTED IN HISTORY! Now that the economy is turning around, many home owners should be able to crawl out of the hole. You are not alone.
As for the fees associated with selling a property, they can/do vary.
1. The buyer may ask for the seller to contribute to their closing costs
2. The real estate company may have an admin fee or a brokerage commission fee. Typically, those vary between $300-$500.
3. Depending on when you close, you may have to contribute toward that 1/2 year's taxes
4. Your mortgage pay off will continue to decrease the longer you're in the house
5. Real estate commissions to agents varies, too.
6. You will also pay State Deed Tax to the State of MN
There are others. Talk this over with a good and caring agent who can advise you based on YOUR needs.
Have a blessed weekend.
CEO & SR Credit Repair Specialist
Everlasting Credit Repair
Alex Gruye I Realtor
Jesse Olson Group
Coldwell Banker Burnet-Lakes Office
I don't consider seller paid closing costs (for the buyer) an expense, that is all part of the negotiation as is price. If someone asks you to pay their closing costs you can certainly counter for a higher price.
1) $1500 for title/closing
2) 3% seller paid concessions (closing costs) to the buyer. For 170k you can probably bank on it happening.
All done goodnight.
I don't have the time to write up a complete list. But if you will be so kind as to shoot me a quick email, I will give you a 4 page document that we give to all of our sellers showing the various fees that can or may be charged. And two of the pages explain, line by line, all of the various potential charges. Sorry I don't have an hour to type it out, but I don't. But I can promise you that if I give that to you, you will not have one more question.
BTW...I am not sure what happened in your life that brought you to the conclusion that owning a hosue was a waste of money. That is something I have never heard in my entire career. the fact is that owning a home in this country is the most solid investment of your money there is, and it also provides you with two of the largest tax breaks you will ever get. There is nothing that compares with it. I am truly sorry that you feel that.