Home Seller Closing Costs

As a home seller you want to know the total closing costs to sell your home, not just the commission.  There are multiple players in a home sale and they each get paid for their service.  Your agent can prepare a net sheet for you ahead of time based upon a suspected sale price.  Costs and customs vary from area to area but here in Dayton Ohio it will look something like this:

Marketing fee 6% of sale price – 3% to listing side and 3% to buyer side.
Deed – 175.00, to the title co. to create a new deed.
Conveyance fee – seller to pay X dollars per 1000.00 of sale price.  We average 3.00 per 1000.00
Disbursement fee – 175.00 to the title co.
Owner’s Title insurance – Amount depends upon what was or was not agreed to in the contract
Home Warranty – If agreed to in the contract seller may owe 500.00 -750.00  for a warranty
Overnight payoff – 30.00 to get your mortgage payoff quickly to your lender after close
Pest inspection – If a VA offer seller typically pays about 70.00 for the inspection
HOA assessment letter – If in an HOA could cost up to 300.00
HOA transfer fee – Some HOAs charge to transfer to the buyer and seller pays approx.  100.00
Tax proration – To the date of closing – cost based on tax bill and proration method agreed to
Mortgage payoff – what you owe on your current mortgage

Certainly, each deal is different and your home could be subject to additional expenses if you live in an area requiring an occupancy permit, if your agent charges a transaction fee, if you have a second mortgage, if you agreed to pay part or all of the buyer’s closing costs, etc. If you are looking for a top Realtor in the Kettering, Bellbrook, Beavercreek and surrounding Dayton area please reach out and I’ll help you figure the closing costs on your home.