People often ask me what costs they will incur in selling a home. Well, every transaction is a little different, but a general rule of thumb is 8% of the sale price. Some of the costs you will have include:
Escrow Fees to the Title Company
Title Policy to ensure the buyer they have clear title.
Recording Fees to record the transaction at the court house
If you currently have a loan on the property you will have to pay a reconveyance and tracking fee.
Proration of property tax
Home Owner’s Association transfer fees