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Average Closing Costs?

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Called_Out

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What is the average costs to sell a house?  I know that there will be a 6% real estate commission fee, but how much will additional costs be (transfer fees, etc.)? 

Thanks!

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February 13 - Birmingham
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msminnie

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Called_Out
If a buyer asks you to pay 'their' closing costs add another 3 or so percent...
Just accepted an offer on my house....they offered full asking price and we pay their closing costs of $8700.0.....In my state, Washington you also have to pay 1.78% to the state.

As a seller it's costing me about 13%....approx $30,900 taken right off the top....In my state, Washington you also have to pay 1.78% to the state.

Hope this gives you an idea of what you could end up paying for selling your house....
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February 13
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Maureen Francis _MI_

Birmingham, MI

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Called Out,

In addition to the commission, you will pay transfer tax, which is $8.60 per thousand of the sales price, and title insurance.  Title insurance varies depending on the sales price too. We have a chart to look it up on. If you bought recently you can turn in your old policy and get a discount.

You will get money back from the tax prorations.

You could pay for other things, as negotiated, like a home warranty or buyer's closing costs.

Maureen Francis
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February 13
 

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