< Important Steps in Selling or Buying Property:

Important Steps in Selling or Buying Property:

by Janet Wickell

4. Estimate Your Costs to Sell

 

  • Real estate commission if you use an agency to sell.
  • Advertising costs, signs, other fees if you plan to sell by owner.
  • Attorney, closing agent and other professional fees.
  • Excise tax for the sale.
  • Prorated costs for your share of annual expenses, such as property taxes, home owner association fees, and fuel tank rentals.
  • Any other fees typically paid by the seller in your area (surveys, inspections, etc.).

Real estate agents deal with transactions every day and can give you a very close estimate of seller closing costs.

 

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