What are the closing costs involved in selling a home?
Real Estate Agent Commission: This is typically a percentage of the sale price, usually between 5% and 6%.
Title and Escrow Fees: These fees cover the transfer of ownership and title insurance.
Property Taxes: You may owe prorated property taxes based on the closing date.
Loan Payoff: If you have a mortgage, you’ll need to pay off the remaining balance.
Other Potential Fees: Depending on your specific situation, you may incur additional fees like HOA transfer fees, attorney fees, or pest inspection fees.
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