Most sellers are not aware that most of the services they use to sell their home are negotiable. They rely on their agent to select the title and escrow and various services. The majority of the time agents just select the service based on which representative they like and the seller pays the bill.
The two largest expenses for sellers when selling their home are title and escrow. This is where you can save the most money. The average cost for escrow is $2.00 per hundred of the sale price, plus $200.00. Many escrow companies will discount this amount by around 20% if the request is made before escrow opens. This can save the seller $200 to $400 dollars depending on the price of the home.
Title fees vary between companies and it is good to shop for the best title fee before selecting the title company. This can save the seller between $400 to $600 dollars in title costs. The title fees insure the title so that another cannot claim possession of the property. Any old claims against the property would be paid by the title insurance company.
The third largest expense that occurs in the sale of a property which a seller pays is the termite report. If the agent is not using a termite company that is reasonable it could cost the seller $1000 to $2000 additional in expenses. Shopping for a tent to kill termites can vary by $1000.
Other fees which can be shopped to save the seller money are Home protection Policies, Natural Hazard Disclosures and home insurance policies.
The agent can also save his seller a lot of money when the repair list is generated. Having good, low costs, reliable handymen available can save the seller up to $2000 in the sale of his home.
When you tally all these expenses up you can save your seller upwards of $5000 in the sale of their home. The agent who works for his seller will have a handle on these expenses.
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