The Cost of Selling a Home | homegenius

    The cost of selling a home

    Most people don’t think too much about closing costs when selling a home. But there may be additional fees, and every sale is going to be a bit different. Take time to learn about potential costs and fees so you have an idea of what to expect.

    Closing costs & fees

    On average, closing costs range from 6-10% of your home’s final sale price (Nerdwallet). There are many different expenses that may arise as you sell your home, but here are a few of the most common types of closing costs:

  • Loan payoff
  • Real estate agent commission
  • Escrow fees
  • Prorated property taxes
  • Attorney fees
  • Transfer tax
  • Title insurance
    Loan payoff
    Real estate agent commission
    Escrow fees
    Prorated property taxes
    Attorney fees
    Transfer tax
    Title insurance
    Loan payoff
    Funds received from your home sale will first pay the remaining balance on your mortgage. The money that remains is your profit (less any taxes due).