How Much can I
Expect to Net From A Sale?
Typically, a home is
sold for what it is worth plus all the selling expenses entailed by the agent, state, and
government. Look carefully into this, and discuss it with your broker so you don't end up
owing any extra monies at closing time.
Typical costs of selling include:
- Agent's Commission
- Points
- Unpaid Property Taxes on the home you are selling
- Legal Fees (Consult your attorney)
- House Inspections (Contact your agent for local figures)
- Transfer Taxes (Usually paid by seller, depending on state)
- Government Assessments
- Any Liens on your property (Mortgage Loans, claims, etc...)
- Repairs required to bring your home up to standard
Cash for Selling:
- Sometimes you have deposits for certain items or services around your
home, and when you cancel them or return them, you get your deposit.
- In some states, property taxes are paid in advance, and with the
selling, could entitle you to a refund.
- Also, if you have an escrow account with your lending institution,
upon sale of your house, you no longer need the extra money there pay for tax and
insurance expenses. That means you get all the money in your escrow account.
[ What's the Best Time of Year To Sell? ]
[ Should I List My House First Or Wait Until I Find One I Want To Buy? ]
[ What if My Mortgage is Being Foreclosed? ]
[ "Is it to My Advantage to Sell ""By Owner""?" ]
[ Will an Agent Contact me if I Advertise FSBO? (For Sale By Owner) ]
[ Am I More Likely to Find A Buyer With an Agent? ]
[ What do I Look For In a Good Agent? ]
[ Do I need a Lawyer? ]
[ How Much can I Expect to Net From A Sale? ]
[ What If I Price Too High? ]
[ What If I Price Too Low? ]
[ Do I Need An Appraisal? ]
[ Should I Accept an Offer From A Buyer Who's Looking For a FHA or VA Mortgage? ]
[ What Are Points? ]
[ Can I Really Buy a Home For No Money Down? ]
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