01/14/2025
Typical Closing Costs for Sellers
Closing costs for sellers generally range from 6% to 10% of the home’s sale price, depending on the location and specifics of the transaction. Here’s a breakdown of the most common costs:
💼 Agent Commission
Typically 5%–6% of the sale price, split between the buyer’s and seller’s agents.
🏠 Title Fees
Includes title search and title insurance, often $1,000–$4,000, depending on the property price and state.
💰 Transfer Taxes
Some states or municipalities charge a transfer tax, which is usually a percentage of the sale price.
📑 Escrow Fees
Shared between buyer and seller, these fees cover the escrow service and range from $500–$2,000.
⚖️ Attorney Fees (if applicable)
Required in some states, typically $500–$1,500.
📆 Prorated Property Taxes
Sellers must pay property taxes up to the closing date.
🏦 Mortgage Payoff
Any remaining balance on your mortgage will be deducted from the sale proceeds.
🔑 Home Warranty (Optional)
Sometimes offered to buyers as an incentive, costing $500–$700.
🛠️ Repairs or Concessions
Costs for repairs requested by the buyer or negotiated concessions.
📜 Miscellaneous Fees
Could include HOA transfer fees, recording fees, or courier services, which are usually a few hundred dollars.
Considering selling? Let us know and we can review your estimated net sheet to see an itemized list of closing costs specific to your sale.
