As a home seller, there are certain costs you’ll incur during the process of selling your home.
Here are some costs that tend to come out of nowhere or get forgotten about by some sellers that you need to be mindful of:
1. Commission fees. You’ll pay the commission of both the listing agent and the buyer’s agent.
2. Title company fees. The title company has closing costs fees you’ll incur.
3. De-preparation and overnight fees.
4. Fire certification and certification of occupancy fees.
5. HOA fees. If you live in a condominium complex, you’ll pay your HOA fees right up until you close.
6. Special assessment fees. If there’s something your community has been talking about that you’ll be taking on, like a deck or driveway repair, that cost will be incurred down the road. If they were talked about while you owned the property, they’re your responsibility. This can be renegotiated in your contract, though.
7. Repair fees. We typically estimate this to be 1% to 3% of your sale price, depending on what gets requested by the buyer after their home inspection is completed.
8. Mortgage and tax fees. Pay these at the first of the month, and at the time of your closing, everything will be prorated back to you based on your timetable.
9. Moving fees. You’ll likely have to rent moving equipment and perhaps hire movers.
If you have any more questions about unexpected home selling costs, feel free to give me a call or send me an email. I look forward to hearing from you.