| Selling costs are variable and negotiable. You’ll want an agent who not only gives you the details of the costs involved, but also one who keeps those costs as low as possible without sacrificing quality service. Below is a typical breakdown of the seller costs associated with a real estate transaction. |
Broker Fees
In the real estate transaction, the sellers pay the brokerage fees which are usually split 50/50 between the listing and buying agents. You can expect to pay 6 percent of the final sales price towards your total brokerage fees, in addition to a small administration fee which varies by agency (typically under $300).
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Settlement Fees
Settlement fees are paid for at the settlement and deducted from your sale proceeds. Fees are typically the same among transactions, but there may be some variations. Types of settlement fees include:
• Settlement Transaction Fee
• Deed Preparation Fee
• Survey/Title Fee
• Recording Fees
• Courier & Delivery Fees
• Escrow (varies by jurisdiction)
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Taxes & Other Fees
Taxes and other transaction costs are also paid at settlement from the proceeds of your sale. Below is a sample of some of the fees incurred:
• Jurisdiction-Specific Transfer/Recordation/Grantors Tax
• Unpaid Assessments (HOA/Condo Dues, Taxes, etc.)
• Release Fees (mortgage pay-offs and any other liens on the property being sold)
• Termite Inspection Fee (if required by contract – typically required)
• Home Warranty (optional)
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Denny’s Services:
Denny will do his best to keep selling costs reasonable for his clients. He requests discounts where possible and keeps you informed of costs from the beginning by providing a detailed estimate of your transaction cost scenarios.
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| For more information or to set up an appointment, contact Denny today! |
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| Denny Horner |
| 703-629-8455 |
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