Here’s a summary of today’s program. Just hit the play button!<\/p>\n\n\n\n
So most people think that when selling a home, you subtract the real estate commission and mortgage payoff amount from the sale price and that\u2019s what you walk away with.<\/p>\n\n\n\n
Closing costs never even enter their mind, especially if it\u2019s someone\u2019s first time selling a home\u2026.<\/p>\n\n\n\n
Then\u2026 once they get to the closing table, they almost have a heart attack when they find out that they have to pay part or most of the closing costs\u2026Not a fun surprise<\/p>\n\n\n\n
So you have to be ready\u2026<\/p>\n\n\n\n
Typical closing costs on a real estate transaction usually include property taxes, transfer taxes, mortgage taxes, documentary taxes, recording fees, title insurance, …<\/p>\n\n\n\n
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Market conditions can also affect the way these fees are assigned…<\/p>\n\n\n\n
Common closing costs to be paid by the seller and why…<\/p>\n\n\n\n
Escrow fees<\/p>\n\n\n\n
Title Insurance<\/p>\n\n\n\n
Documentary taxes.<\/p>\n\n\n\n
Recording fees<\/p>\n\n\n\n
Mortgage taxes<\/p>\n\n\n\n
Settlement fee.<\/p>\n\n\n\n
Real estate broker\u2019s commission<\/p>\n\n\n\n
Pest inspection<\/p>\n\n\n\n
Recurring closing costs<\/p>\n\n\n\n
Things like mortgage interest on their loan, HOA fees, and hazard insurance are all the responsibility of the seller…<\/p>\n\n\n\n
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