Closing cost for 150,000 home sell?

Asked by Ann Watkins, Paducah, KY Fri Mar 23, 2012

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Myke Atwater, Agent, Santa Rosa Beach, FL
Fri Mar 23, 2012
Hello Ann,
Closing costs for the seller generally are the documentary stamps and the real estate commission. Commissions traditionally are negotiated between the listing agent and the seller. When the agent visits your home you can discuss what the rate will be--you determine the rate, and the amount depends on what the sale price ends up being. For example, if you sell the property for 150,000 at a 6% sales commission (typical), your real estate commission would be 8,000 to be split between listing and selling brokerage. Other closing costs that are usually born by the buyer have been highly negotiable in the recent market conditions. Many times the buyer will ask for a contribution toward their closing costs as a part of their offer on your home. This is something you can negotiate at that time, along with the closing date, sales price, home warranty, and other considerations.

I hope this helps.

Myke Triebold, GRI, SFR, ABR, LMC
MykeSaysSold@aol.com
850-305-6256
0 votes
Karen Butler, Agent, Fort Walton Beach, FL
Fri Mar 23, 2012
Hi Ann, the closing costs will be determined by the offer you receive on the property. Closing costs are negotiable, so there is no set amount. A seller can sometimes offer to assist with buyers closing costs, and depending on the offer you may want to consider that. Likewise, a lower offer could result is less seller assistance. Some of your closing costs like intangible tax on the mortgage, intangible taxes on the deed are tied to a formula, so as the price changes so does the amount. A reasonable gauge excluding the Realtor fees may be around $4000. Hope this helps.


For more information please contact me at Karen@KarenButer.com
Coldwell Banker United Realtors
850-830-8780
Web Reference:  http://www.KarenButler.com
0 votes
Yes this is very helpful. That was what about what I thought Thank you very much!
Flag Fri Mar 23, 2012
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