Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

How Much Are A Seller's Closing Costs?
Pamela Madre
The Pamela Madore Group
Keller Williams Realty
http://iloveamarillo.com
How Much Are A Seller's Closing Costs?

Seller closing costs will vary from state to state and area to area within the state.  My explanation here will be specific to Amarillo even though other areas may be the same.  

A great Realtor will provide you with a seller's net sheet when you list your property so you will know what to except.  In order for that information to be the most accurate your Realtor will need to know the approximate payoff of your mortgage if you have one and the balance in your escrow accounts.

The first closing cost to talk about is the real estate commission.  By law the real estate commission cannot be set in stone and is a negotiable item.  From a practical standpoint, most real estate commissions are the same for the area.  The norm for some areas of the country is 7% or 8%.  In Amarillo the norm is 6% of the sales price.  

The next largest item is the title insurance policy.  It is typical for the area that the seller provide the buyer with a title insurance policy. ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention