Selling a home is not only a complex process but includes many fees like insurance, taxes, commission and other miscellaneous fees included in the closing costs. Here are a list of the most common closing costs:
- Title search fees
- Commonly known as the title insurance, this ensures you can sell your home without encumbrances and liens.
- Repairs and home warranty
- Notary fees, recording fees and escrow fees
- Mortgage payoff balance and loan pay-off fee
- Prepayment penalty
- Lien releases
- Seller concessions
- Termite letter
- Commissions for listing/selling realtors
If you are working with a professional realtor, be aware of these costs to avoid surprises at the time of close. As a seller, it is important to know the closing costs you will incur. According to surveys, the biggest part of the closing cost is the agent commision which is 6% of the sales price. Prepare for the closing costs, which are a huge factor that will affect your finances.
If you are thinking of selling your home, be aware of the closing costs, the process and the terms of the process. Call Homes for Sale in Fort Worth TX to guide you through the selling process.
No comments:
Post a Comment