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SELLER CLOSING COSTS - WHAT TO EXPECT

Thursday, August 5, 2021   /   by Ameil Gill

SELLER CLOSING COSTS - WHAT TO EXPECT

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If you're selling your home, you are probably going to want to know exactly how much money you will receive in the end. In order to calculate your total profit, however, you will need to take into consideration the seller closing costs that you are expected to pay. Closing costs (also known as seller expenses), can amount to roughly 6% to 10% of the sale price.
Here are the most common closing costs for sellers:
  •  agent commission for listing and buying agents (typically between 5-7%)
  •  transfer tax (1-2%)
  •  title document preparation
  •  escrow and closing fees
  •  prorated property taxes
  •  hoa or condo fees
  •  credits toward closing costs
  •  attorneys fees
the good news is that the closing costs will simply be deducted from the proceeds from the sale of your home. So although you are spending the money, these are not upfront fees, so paying them should hurt a little less.
Thinking of selling? Send me a message today  i would be happy to send you a market analysis and an estimate to show you how much you can make off of the sale of your home in today's market!
REMAX Realty One Inc. - The Gill Team
Ameil Gill
50 Burnhamthorpe Road West Sussex Centre Ste #102
Mississauga, ON L5B 3C2
416-884-1359

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®.
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2021 Last Updated September 21, 2021
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