Buyers aren’t the only ones that have to pay closing costs. Sellers can expect to pay up to 3% of their purchase price on these costs.
Selling your home? Get a free home valuation.
Buying a home? Search the complete MLS.
We often associate the term ‘closing costs’ with buying a home. While buyers will always have closing costs, many people aren’t aware that the sellers will always have them too. These costs are there for you as a seller whether you use a Realtor or not.
Closing costs for sellers include, but are not limited to: title insurance, prorated taxes, deed and affidavit recording fees, and a home warranty. Taxes are prorated in Indiana because the state thinks it’s a great idea to pay our taxes one full year late. That’s a big chunk of the costs. You will also have to pay your final sewer bill as part of your closing costs as a seller.
Closing costs for sellers include, but are not limited to: title insurance, prorated taxes, deed and affidavit recording fees, and a home warranty. Taxes are prorated in Indiana because the state thinks it’s a great idea to pay our taxes one full year late. That’s a big chunk of the costs. You will also have to pay your final sewer bill as part of your closing costs as a seller.
“
”
We have found lately that most of our offers come in in the evenings or on the weekends. It’s always a pain to try and contact title companies during that time to get sellers a more accurate idea of what their closing costs will be, so I suggest abiding by this rule of thumb: seller closing costs typically come out to about 3% of the sale price of the home. Budget for that amount and you won’t be left hanging out to dry in the end.
Sellers have closing costs, too.
”
If you are thinking about selling and want to know exactly how much money you are going to walk away with, give us a call or send us an email. We would love to help out and answer any questions you may have.
