Customary Seller Fees

Closing costs for sellers can reach 8% to 10% of the sale price of the home. Fees and taxes for the seller are an additional 2% to 4% of the sale. However, seller closing costs are deducted from the proceeds of the sale of the home at closing, so you rarely need to bring cash to closing.

 

Common fees paid by the seller include ...

1. Real estate commissions for listing agent

2. Real estate commissions for buyer's agent, if specified in purchase agreement

3. Owner's title insurance policy

4. One-half of the sub-escrow fee

5. Seller's escrow fee and processing fee

6. Homeowner's transfer fee

7. Documentary transfer tax

8. City transfer or conveyance tax

9. Loan fees required by the buyer's lender (FHA/VA only)

10. Document preparation fee for deed

11. Payoff all loans in seller's name

12. Interest accrued to lender being paid off, statement fees, reconveyance fees and prepayment penalties

13. Termite inspection, if specified in contract

14. Termite work, if specified in contract

15. Home warranty, if specified in contract

16. Any judgements, tax liens, etc. against the seller

17. Tax proration (for any taxes unpaid at the closing)

18. Any unpaid homeowner's dues

19. Recording charges to clear all documents of record against seller

20. Any bonds or assessments, if specified in contract

21. Any and all delinquent taxes

22. Notary fees

23. Natural Hazards Report

24. Messenger fees

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Some of these fees can vary depending on the contract, so it's important to have a trusted agent by your side when selling your home and negotiating the contract.