closing costs to sell a house

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You, as the seller, will likely be paying the entire 5% – 6% commission, to be split between the buyer’s agent and yours. For ways to reduce this figure, see Nolo’s article Negotiate the Agent’s Commission When Selling Your House. Other closing costs or credits to the buyer.

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Sellers can Pay the Buyers Closing Costs. Getting a seller to agree to pay your closing costs is a tough sell. Especially when you consider they are already paying 6% of the sales price in commission, they will not be happy about losing even more profit, that is if they have any to give.

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While the closing costs to sell a house are typically the responsibility of the buyer, don’t be surprised if you are asked to foot the bill, especially if you are trying to sell your home in a.

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The VA gives sellers two ways to help reduce your out-of-pocket costs for a home purchase: Closing cost contributions. VA buyers can ask the seller to pay for – or share – some or all of your closing.

According to the study, the average closing costs in California for a $200,000 were around $4,400. A larger loan would bring even higher costs. You’ll Probably Pay More Than This Average. If you do a Google search for closing cost averages for California, you’ll find some numbers in the $4,000 -.

For home seller, the closing cost typically range between 1 – 2% of the sale price and these seller closing cost are paid at the settlement. Typically these won’t be cash out of your pocket, rather it will be deducted from the profit on your home, unless you are selling with low or no equity.

 · That’s all. I’m not saying that paying your buyer’s closings costs is a must. Suppose you get two offers on your home for $500,000. If one offer is asking for $15,000 in closing help and the other is asking for zero in closing help, then it’s a no brainer. You go with the highest net to you.

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