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Cost to sell as Percentage of Sales Price

How much would be the cost to sell as a percentage of total sales price....please list cost outside of realtors fees which will be anywhere between 5-7%....how much are other closing costs i.e. doc stamps, tax fees and othere misc fees as percentage of total? Property is located in TX and in the $300-$400k range if that matters. Thanks...
  • June 12 2012 - Fort Worth
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Answers (3)

Here is Florida the Doc stamps are a calculation of the sales price ,as well as the owner's title policy, There are title charges for the closing process ,searches, downloading docs, fed- ex's ,or exceptions to Title. There are many other little charges that could show up in your actual transaction. While living in NY they had additonal charges over and above those mentioned. I think you would be looking at 1 1/2 % - 2% . I think 3% is high. What is in your contract agreement, will be an entirely different issue. Depending on if you are using a Title co or a lawyer, you can ask them to create a prelim HUD for you based in the highest price sale.( if it is lower, you will be ahead) . They would be plugging in the sales price 400,000, their title charge ,search charge, Doc stamps, Owner's policy charge. Tell the to add some misc, like an estoppel fee from your lender for you payoff, one from our HOA if you have one, prorated taxes ( use a date a few months in the future) ,same with your HOA. Give a little wiggle room, as they may have a charge for something that comes up,like filing an affidavit if something comes up on title. This should give you a benchmark. Tell them you will not hold them to it, as they may worry about quoting you an amount without a contract. If you have a Realtor you want to use, they should have a relationship with a Title co. and they would be glad to do a work up, best wishes Suzie
  • June 12 2012
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Thanks for the answer but 3% seems high.....what are the selling fees that are based on value of home? shouldn't it be mainly recording fees that are fixed vs value based cost? Therefore the higher the value of the home the smaller the percentage compared to sale price? Again leave the realtor and repair fees out I know how to figure those...
  • June 12 2012
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Well minus realtor fees you can be looking at 3% closing costs and 1% on repairs depending on condition. This excludes paying any concessions to the buyer for closing costs, etc.
  • June 12 2012
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