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Seller fees often higher than anticipated
As a seller you have just signed a contract with a buyer to purchase your home. You know what you are getting for the equity in your home, however the real question is: what are the costs to sell your home and how much will you walk away with? I can tell you with certainty that the amount will be less than you are thinking at that moment. These are not hidden costs they are just little thought about or not often considered at the time of sale.
Here is a list of costs that may be deducted before you get that check in your hand from the sale of your home.
• Mortgage Payoff Balance — includes your first and second mortgage and any home equity lines of credit
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Bill Roark is a Commercial Associate Broker at Keller Williams Realty and may be contacted at bill_roark1@yahoo.com. |
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