How do I calculate my closing costs as a seller?
All told, closing costs for a seller can amount to roughly 6%–10% of the sale price, according to Realtor.com.
- Real estate agent commissions.
- The title insurance policy.
- Closing costs a seller pays.
- Read and understand your purchase contract.
Do sellers have closing costs?
This fee covers all the legwork, marketing and advice provided by your agent, as well as commission to the buyer’s real estate agent (the seller pays both!). You can expect commission fees to be around 5% of the home’s sale price, although they may be negotiable.
How often do sellers pay closing costs?
Seller closing costs: Closing costs for sellers can reach 8% to 10% of the sale price of the home. It’s higher than the buyer’s closing costs because the seller typically pays both the listing and buyer’s agent’s commission — around 6% of the sale in total.
Who pays recording fees at closing?
Recording fees: These fees may be paid by you or by the seller, depending upon your agreement of sale with the seller. The buyer usually pays the fees for legally recording the new deed and mortgage.