Living in PG County, MD: Seller FAQ: What makes up my closing costs?

Seller FAQ: What makes up my closing costs?

Seller FAQ:  What makes up my closing costs?

I get asked very often what makes up seller closing costs and how much will they be. 

Seller Closing costs can be broken down into several categories:

Real Estate Broker Fees

  • Commission to the real estate broker/brokers selling your home

State Transfer Taxes

 

  • State Recordation taxes

  • State & County transfer taxes

Unpaid Items

 

  • Final Water Bill
  • Unpaid HOA/condo dues
  • Any outstanding property taxes
  • Any outstanding leins

 

The exact amount of the closing costs will vary based on the price of the home being purchased, the location of the home, real estate commission terms, and the terms of the contract.  

 

 

In some situations, buyers can negotiate so that sellers will pay a portion of their closing costs as well.

It is important to remember that these closing costs are in addition to any amount required to pay off existing mortgages and lines of credit secured by the home.

 

If you or someone you know would like information about buying, selling, or renting a home in Prince George's, Montgomery,  Charles, Calvert, Anne Arundel, Howard, and/or Baltimore Counties please contact Dr. Stacey-Ann Baugh of Century 21 New Millennium.

 

Search Homes for Sale

 


Donations made to charity with every successful closing!


Dr. Stacey-Ann Baugh

Century 21 New Millennium

www.LiveinPGCounty.com

staceyannbaugh@gmail.com

240-481-3565 (C)

202-546-0055 (O)

 

FINALLY!  A DOCTOR WHO MAKES HOUSE-CALLS!

 

Information deemed reliable but not guaranteed! 

 

 

 

Comment balloon 1 commentDr. Stacey-Ann Baugh • June 06 2012 10:21AM

Comments

Stacy Ann glad you were able to participate in this FAQ challenge, now you have answer to many frequently asked questions.

Have a great week.

Posted by Jennifer Fivelsdal, Mid Hudson Valley real estate connection ( JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571) over 7 years ago

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