Selling Costs
Sellers bear the brunt of cost in a real estate transaction. Costs a Seller should anticipate include the following:
- mortgage pay-off
- pro-rated taxes
- pro-rated home-owner’s insurance
- real estate commission
- tax service fee
- settlement fee
- abstract fee
- survey
- transaction fee
- documentary stamps
- buyer’s home warranty
- repairs
Some of these costs are negotiable, while others are required by law. Your real estate professional should provide you with a “net-to-seller” when listing your home, so you must consider the bottom line and determine if the amount you should “net” will satisfy you at the closing table.
Please be advised, however, that you can not increase the list price of your home to simply satisfy the amount you wish to net — the market will always determine the amount for which you can sell your home.
Please contact me for additional information! Phone: 918-852-5036 or e-mail: lcain@tulsarealtors.com
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Created by Philip Norton