When your HomeSmart Agent receives an offer to purchase your home, they will help you to determine what you’ll net at the close of escrow. In order to do this, they will look over the terms of the contract, as well as ownership information, such as your mortgage payoff, and insurance and/or tax prorations. To find out how much money you’ll net from the sale of your house, add up your closing costs and subtract from the sale price of your house. Here is a list of closing costs that you may incur as a Seller:
- Mortgage Payoff
- Prorations for Taxes
- Prorations for Association Dues / Utility Dues
- Escrow Fees
- Title Policy Fees
- Home Warranty
- Attorney Fees
- Survey Charge
- Septic / Well Certification
- Brokerage Commissions
- Seller Contribution
Your HomeSmart Agent will review these costs with you, and determine approximately what you can expect to net at closing.
Remember…it’s a Smart Move with HomeSmart!