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!
About the Author...
Jo began her real estate career back in 1994 and soon found out that she loved selling real estate and that she was really good at it! Lots of people sell real estate, but not everyone is good at it. Jo brings to her clients the commitment to work hard and have fun along the way. As Jo continues to learn the technology of today to be on the cutting edge of multimedia she takes pride in her ability to keep her trademark "old-fashioned" customer service alive. If you are looking to sell or purchase a home in Kitsap County call her office today. You can also find out more about the area by visiting her blog www.WestSoundLive.com or her web sites www.HomeFrontRealtyOnline.com
DISCLOSURE OF MATERIAL CONNECTION: http://cmp.ly/0
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