Here are the extra costs and fees associated with selling your home.
When I go on listing appointments, I sit down with the seller and go over an estimated net sheet, which contains the fees associated with selling their home. I’m always surprised when sellers that have interviewed other real estate agents don’t know about the associated costs of selling, so today I’m sharing them with you.
Four fees depend upon your sale price. The first two are the largest: 2.5% of the purchase price for the buyer’s agent and 2.5% for your listing agent’s commission. The other two are escrow and title insurance fees, which change depending on your final sales price. You’ll also have a county transfer tax fee that’s a percentage of the sales price, which you’ll pay to the county so they’ll transfer the property taxes to the buyer.
Some houses are within homeowners associations, and they also charge fees for transferring your HOA account to the buyer, printing out the CCNRs, and providing a copy to the buyer; all this comes to about $250. You may also negotiate to pay for home warranty fees for the buyer, which cost anywhere between $400 and $800 depending on the size of the property. These are fees the seller usually pays for as a sign of good faith, but in some competitive markets, they’re countered out of the deal. Home warranties cover the main systems of the house such as the roof, water heater, heating and air conditioning, plumbing, and a few other things.
If you have further questions about the costs associated with buying or selling a home or anything else real estate-related, please feel free to reach out to us via phone or email. We would love to help you.
Let BLG be your trusted agent and advisor for buying, selling or investing in Conejo Valley real estate.