Closing Costs For Sellers
If you're planning to sell your home, you should be aware of the costs that come with the process. One of these costs is closing costs. Closing costs are expenses that are paid by both the buyer and seller during a real estate transaction. The seller's closing costs vary depending on the location, but in general, they amount to around 2-5% of the total sale price of the home. As a seller, it's important to understand what these costs entail, as they can significantly impact your net proceeds from the sale. In this blog post, we will discuss some of the most common closing costs for sellers. Real Estate Agent Commissions: The most significant closing cost for sellers is usually the commission paid to the real estate agents involved in the sale. Typically, the commission is 5-6% of the sale price of the property, which is divided between the listing agent and the buyer's agent. Some sellers may attempt to sell their homes on their own, known as “For Sale By Owner” (FSB