Seller's Expenses
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Real Estate Agent's Commission: The fee for service
paid to your real estate agent for the sale of your home.
The Buyer's agent will receive their share of the commission
from your real estate agent. The rate of commission is
based on the comparative rates in your neighborhood. Some
sellers will offer a higher commission than usual to provide
an incentive to realtors to sell their home. Some sellers
will offer less than the usual rate of commission. However,
this creates less incentive for the Buyer's agent to show
and sell your property. There is no standard commission,
but have Michael discuss and help you determine the best
commission rate for your situation. |
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Legal Fees: The fees paid to your lawyer or notary
public. Costs are usually from $250-$600. |
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Costs of Clearing Title: An example of this cost is
your mortgage pre-payment penalty. Check with your lending
institution for the details of this charge. |
*This is just a guide to some of the expenditures home sellers
can occur. Expenses will vary depending on one's situation.
Back to:
Guide to Selling
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