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What’s the Cost of Selling Your Home?
Manage episode 177005922 series 1413180
Konten disediakan oleh Alejandro Ventura. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh Alejandro Ventura atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.player.fm/legal.
Buyers aren’t the only ones who have to pay closing costs. Sellers can expect to pay 9% of their sale price on closing costs.
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We all know there are costs associated with buying a home, but were you aware that there are also several costs of selling a home to consider before going through with listing it for sale?
Typically, a seller has to deal with eight different selling costs here in Spokane. They include:
- Title insurance
- Escrow fees
- Excise tax
- Commissions
The more expensive your home is, the higher these costs will be. When you add them all up, they typically equate to about 9% of the sale price. So, when calculating your bottom line, you will be safe by assigning 9% of your asking price to closing costs and then subtracting any loans you have pending on your home. Doing this will give you a pretty solid idea of how much money you can expect to walk away with when the sale is finalized.
Selling a home isn’t cheap.
For example, if you’re selling a home at $250,000, you can expect your closing costs to be anywhere from $20,000 to $25,000. Subtract that from your mortgage balance and you will get your bottom line.
I hope you found this helpful. If you have any questions in the meantime, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.
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