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Seller's Settlement Costs in Virginia
What are the closing costs paid by the seller? 
An Explanation for Northern Virginia sellers 
Usually when one discusses closing costs in connection with the purchase and sale of a home they are referring to the costs incurred by a purchaser.  These costs include items such as lender's fees, money to establish escrow accounts for taxes and insurance, title charges, title insurance, and government recording fees.  Settlement costs can also include a survey of the property, pest inspection, appraisal, and other fees. 
For a detailed explanation of the settlement costs incurred by purchasers in Virginia, please read my post:
Purchaser's Closing Costs in Virginia.
Sellers of a home also incur some settlement costs, most prominently the fee paid to the real estate broker for selling the home.  In today's current Northern Virginia buyer's market, it is often typical for many purchasers to ask the seller of a home to pay a portion or all of their closing costs.  Of course, this request leads to negotiation.
Here's a breakdown of seller's settlement closing costs in Virginia:
Total Sales/Broker's Commission
The first category of closing costs comprises the broker's fees for marketing and selling the home.  There is no standard or set fee ... more

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