This list is strictly an estimate and should in no way be held as the true and actual cost. Costs vary based on companies used. Also, depending on the offer, you may pay part of your buyers fees. Selling a house is not as simple as finding a buyer, receiving a payment  and handing over the keys. To sell a house in today’s market; you must be an expert or have the help of one in both selling and marketing the property. There are numerous cost associated with getting your home sold that you should be aware of. There are many fees associated with selling a home. It is important that both, home buyers and sellers alike be familiar with the costs associated with such a transaction. Please see the representative list below, along with examples for average costs of selling a home.

 

 

 

 

Closing Costs – Most of these are small fees, but can add up to thousands when calculated. Ask your lender to get you these estimates.

 

The act of actually selling your home happens in the closing phase, which contains costs that many consumers are unaware of when selling their home:

–         Recording Fees: The cost associated with recording a new deed. The cost is typically split between both the buyer and the seller at the county recorder’s office.

–         Title company Fees: A fee that pays for the services rendered by the title company.

–         Tax Service: This is a one-time-only fee for setting up tax payments, charged by the lender.

–         Title Insurance Fee: This fee is associated with the seller ensuring that he/she is giving the buyer a clear title to the property.

–         Transfer Tax: This is a state specific rate

–         Home Warranty Plan: This may be an optional fee for a one year warranty that the seller pays..

–         Courier Fees: A lot of paperwork changes hands during the closing process, you may be required to pay a courier fee to use a service to get the required documents to and from the respective parties (lender, title company, escrow firm, and county)

–         There may be other fees that are paid by the seller if the seller agrees to them  during the negotiations with the buyer. Sellers can agree to pay any or all closing costs depending on the mutual understanding between the two parties.

 

Choose an Agent to help you with the process 

With the help of a qualified real estate agent, you are more likely to sell your house quickly and maximize your value. You need someone who knows how to sell a Twin Cities house and is familiar with the rules and regulations in the area. As you can see, it can be quite costly to sell a house. Ensuring that you have the best chance to sell your home means spending a little extra. Remember, it is important to look at all costs separately to determine whether you can afford to sell your house before committing to it.

To help you make in making the decision to sell contact me and I can estimate your costs.