Understanding Closing Costs as a Seller

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Sellers often focus on their home’s sale price, but closing costs can significantly impact net proceeds. Here are common expenses:

  • Agent Commissions – Typically 5–6% of the sale price, split between your agent and the buyer’s agent.
  • Title & Escrow Fees – Costs for managing the transaction, title insurance, and legal paperwork.
  • Prorated Property Taxes – You’ll pay your share of the year’s taxes up to the closing date.
  • Repairs or Credits – If negotiated after inspection, these may be included in closing costs.
  • Concessions – You may agree to help with the buyer’s closing costs as part of the deal.

Knowing these costs upfront helps you plan your next move with clarity and confidence.

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