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stinger
LIF Adult
Member since 11/11 4971 total posts
Name:
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Selling home questions
How much money to factor in if you are ONLY selling a house and not purchasing (closing, attorney, RE commission, other fees)?
Message edited 5/4/2015 1:20:51 PM.
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Posted 5/4/15 1:16 PM  |
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soontobemommy
LIF Adolescent
Member since 1/07 540 total posts
Name:
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Re: Selling home questions
Many of those items will be based on the selling price of the home. I would factor in abut 4% for realtor's fees, about $1200-1500 for attorney fees, and then closing costs typically paid by the seller are transfer taxes which are $2 for every $50 of the purchase price. In NYC there are additional City taxes that have to be paid.
If you have a mortgage, you will also have to pay for a satisfaction of mortgage to be filed but that is generally included in your pay off from your lender.
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| Posted 5/4/15 3:42 PM |
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HomeIsWithU
Baby #2 on the way!
Member since 9/07 7816 total posts
Name:
Jenn
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Re: Selling home questions
Our realtor commission is 5%, plus the lawyer fees, other closing fees, and pay off amount for the mortgage...$20,400. $17,000 of that is realtor commission.
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| Posted 5/4/15 4:18 PM |
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