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.