Understanding Closing Costs When Selling Your Home

When it comes time to sell your home, it’s important to know what to expect when it comes to closing costs — the fees and expenses that are deducted from your sale proceeds at the end of the transaction. On average, sellers can expect to pay around 6% to 10% of the home’s selling price in total closing costs. This typically includes the real estate agent commissions, title and escrow fees, prorated property taxes, and sometimes minor repairs or credits to the buyer. While these costs can vary depending on your location and the terms of the sale, it’s a good idea to factor them in early so you know exactly what you’ll net after closing.

In addition, if you are selling to a buyer with a mortgage, the process tends to involve more steps — such as inspections, appraisals, and lender approvals — which can take several weeks to complete. These extra requirements can sometimes lead to additional expenses or delays, especially if repairs are needed to satisfy the lender’s conditions.

For those who want a faster, simpler sale, working with Homeinc can be a great option. We will purchase your home “as is,” which means no repairs, no appraisals, and a much quicker closing. Plus, some of the usual closing costs are reduced or eliminated altogether.

If you are thinking about selling your home, our team is here to help you understand your options. Call us today for a free consultation and to find out how much you could save.