To find out how much money you’ll net from your house, add up your closing costs and subtract them from the sale price of the house.
Closing Costs for Sellers |
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Mortgage payoff and outstanding interest |
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Prorations for real estate taxes |
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Prorations for utility bills, condo dues, and other items paid in arrears |
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Closing fees charged by closing specialist |
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Title policy fees |
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Home inspections |
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Attorney’s fees |
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Survey charge |
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Transfer tax or other government registration fees |
|
Brokerage commission |
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Total |
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Reprinted from REALTOR® Magazine Online by permission of the
NATIONAL ASSOCIATION OF REALTORS®