Market tough? Maybe. We do have several home owners in the Kitsap County area that may owe more than what they could sell their home for. I have taken several phone calls over the last couple of weeks asking about seller closing costs. SELLER CLOSING COSTS? Yes, sellers have closing costs. If you are a first time seller this might be news to you.
Of course you remember when you were a buyer that you had closing costs listed on your final closing statement. Not being able to see the sellers side of the closing statement you probably didn't realize what the seller was paying.
Here is a quick list of these items
- Real Estate Commissions - for seller's agent and buyer's agent
- Escrow Closing Fee ( you as a buyer paid 1/2 of this fee0
- Title Insurance
- Courier Fees
- Reconveyance Fee
- Recording Fees
- and the huge chunk of change the local City/County/State want from you - its called Excise Tax 1.78% of the sells price of your property
Here is a fictious net proceeds for a Ms Bremerton Home Seller....
If you have any questions on selling your home in this market just give me a call, or send an email, or text me with your questions!
Author:Jo Soss
Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.
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