How Much Does a Seller Pay in Closing Costs?
When selling a home, sellers usually pay about 8 – 10% of the total sale price in closing costs. It’s always best to consult your real estate agent to discuss the ETC (Estimated Closing Cost) Sheet before officially listing your property.
These closing costs may include:
5–6% realtor commission for buying and selling agents
Transfer tax (varies by state)
Title search
Title insurance to ensure there is no cloud on the title
Escrow
Prorated property taxes (these are accounted for at the closing table)
Other miscellaneous expenses such as brokerage fees and reimbursements
Considerations: Article has been modified and adapted from Nerdwallet.com, Rocket Mortgage, Zillow, and Investopedia.