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
- 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.
Dr. Stacey-Ann Baugh
Century 21 New Millennium
FINALLY! A DOCTOR WHO MAKES HOUSE-CALLS!
Information deemed reliable but not guaranteed!