To find out how much profit you’ll net from the sell of your house; add up your closing costs and subtract them from the sales price.
Closing Costs for Sellers:
- All Mortgage / Line of Credit payoffs and outstanding interest.
- Prorations for your Real Estate Taxes.
- Prorations for HOA / Condo Dues, and any other items paid in arrears.
- Revenue Stamps. (sales price➗500 = RS)
- Home inspections *optional (based on SF, approx $450 up).
- Attorney’s fees / doc prep. (Approx. $550)
- Brokerage commission. (Typically 6%)
- Closing expense for buyer (this is negotiable).
* Contact me for a detailed Sellers Net Sheet prepared just for you!