What Impact Will Closing Costs Have On My Home Sale?

When selling your home, certain fees, referred to as closing costs, will need to be paid at the closing table. These costs can vary widely depending on where you live, and could be significant enough to warrant thoughtful consideration of how to go about the process of selling your home.

You may not be in the best financial situation, and may be looking to make as much as you can from the sale of your home. If this is the case, then you need to pay careful attention to your closing costs. This is because they can take out a sizeable portion of what you make from your home sale. The following post provides some figures:

Selling your house can cost you more than $18,000

If you’re thinking about selling your house, plan ahead for extra costs that will take a chunk out of any profit you may make.

The average American homeowner will spend $18,342 to sell their house, according to a new study by real estate research firm Zillow and Thumbtack, an online site matching local professionals to customers. Read full post at USA Today…

Keep in mind that closing costs do not include whatever you spend on marketing, staging or cleaning up your home to make it appealing to buyers.

As a home seller, you want to know exactly how much you might need to set aside for closing fees. As such, you need a list of exactly what these closing fees are. The following post provides a useful breakdown of this:

 How to Calculate Real Estate Closing Costs in Florida

Real estate closing costs are the inevitable fees associated with your home purchase, which are paid at the closing of a real estate transaction. The real estate transaction and sale are officially complete, or “closed” when the title of the property is transferred from the seller to the buyer. In the State of Florida, whether the closing costs are the responsibility of either the buyer or seller, depends on the county that you live in. Read full post at Title Zoom…

Some of the closing cost items are negotiable, and the buyer could also take some of the load off. However, the burden of real estate agent commission lies squarely on the shoulders of the seller. Agent commissions can be up to 6% of the home price.

With this in mind, it becomes even more important to identify the negotiable costs, or which costs can be transferred to the seller. The following post addresses this:

Who Pays Seller Closing Costs?

When you sell a home, there are a certain fees associated with the transaction. Some fees are levied by the state of Florida such as documentary stamp taxes, while other expenses are for services. Just who pays the seller closing costs in Florida isn’t as direct as it should be.  For example, if you are purchasing new construction (buying a house from a builder) you may be paying part of the seller’s closing costs.  So, can seller’s closing costs in Florida be negotiated as part of the real estate sale?  Can the buyer actually pay for some of the seller’s closing costs?  Yes, the buyer can pay, but the bigger question is, will they? Read full post at Sarasota Sandy…

No doubt closing costs can be quite significant. But is there a way to be rid of them completely? Yes! You have the option of selling your home to a reputable real estate investor such as Sell Fast Fair Offer. In fact, not only will you be freed from all closing fees, but you won’t have to worry about commissions either.

Sell Fast Fair Offer is happy to buy your Doral FL home as-is, so you don’t have to stress about staging fees or getting it cleaned. When you contact us, we’ll have a cash offer for you within 24 hours, and you get to choose when to close. Fill out the form below, and we’ll get in touch with you.

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