What Will It Cost to Sell My House?

One of the most asked questions from home sellers and rightfully so is "how much will it cost to sell my house'? Most people want to have an understanding of all their expenses before they commit to putting their home on the market. The single largest expense any homeowner will have is the real estate commission. This can take a big chuck out of a seller net or profit from the seller. There are no set commission but a rough estimate would be five to six percent of the sales price.

While commissions are a significant portion of a seller's obligations there are quite a few other closing costs for home sellers. In the article at Maximum Real Estate Exposure, you will get a detailed overview of each one of them. Over the past thirty three years selling real estate, there have been numerous occasions where I have sat down to interview with a seller and they had no idea of some of the expenses they will be required to pay.

For example, in some states including Massachusetts there is a tax on selling real estate. These selling costs are known as Massachusetts Tax Stamps. They equal four dollars and fifty six cents for every thousand dollars of the sales price. So if you sell a home for $500,000 you will owe the state $2280. There is a reason the state is known as Taxachusetts. Can you imagine getting to the closing table and find out you will be getting a couple thousand dollars less than you expected? This is not a pleasant feeling and why you should always be vigilant about know the closing costs when selling in your particular state.

The tax stamps are just one small example. Take a look at the article and learn about all the other seller closing costs. If you find the information to be valuable share it with any family and friends who are considering selling their home. Get them out in front of knowing the selling expenses so there are no big surprises.