What Additional Costs Are Associated With a Home Sale?

You will be responsible for Standard Title Insurance, half of the Escrow fee, Sales commission, excise tax and other miscellaneous fees, in total about 8% of the sales price.

    The seller pays:

  • Brokerage commission (the sum or percentage of the sale price, previously agreed upon by the seller and real estate agent)
  • One-half of escrow or legal fees paid to the attorney or escrow company for preparing the closing
  • Document preparation fees
  • Recording and notary fees
  • Title search and title insurance (paid by either the seller or the buyer)
  • Local transfer taxes, if any
  • State taxes, if any
  • Repairs or inspections you have agreed to pay for
  • Total is typically 8-9% of sales price