WHAT EXPENSES TO EXPECT WHEN SELLING YOUR HOME

By
Real Estate Broker/Owner with Real Living/Home Realty 24642

                                                                               

What Expenses To Expect When Selling Your Home

OWENSBORO REAL ESTATE

Cost may vary from state to state but in our are a the seller is responsible to pay pro-rated taxes, transfer tax, commission, and deed preparation. Many times a buyer will ask the seller to pay closing cost. It is very important that you put a limit on the closing cost because some mortgage company have very high closing cost and that can be a problem at closing.

Another thing that can happen before closing is repairs. Most every buyer (which I recommend) will have a home inspection. The inspection is to be done in a pre-determined time frame when the purchase agreement is written and if there are major deficiencies the buyer must give the seller a copy of the inspection report and make his request in written as to how he want the repairs handled. If there are major deficiencies then you will negotiate to have the repairs done. The seller has the option to make the repairs, credit the buyer in an amount equal to make the necessary repairs or the seller can sell “as is” in which case buyers may elect to buy “as is” or buyer may declare the contract null and void. After repairs have been made the buyer has the right to make a final inspection before closing.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Kentucky Daviess County Owensboro
Groups:
Active Rain Newbies
Real Living
Kentucky Professionals
Almost Anything Goes
Real Living Home Realty
Tags:
owensboro real estate

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,693,541
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

All to often a Realtor fails to inform a Seller about what costs are coming from updating the title and the charges from the escrow company. New agents here are notorious in failing to let the seller know that when working with a VA Buyer they (the Seller) must pay the closing fee.

Feb 09, 2011 03:52 AM #1
Rainmaker
1,729,603
Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Connie....That's pretty much it...it's better to let them know up front than when you get to closing...have a great day!---Rob

Feb 09, 2011 04:45 AM #2
Rainmaker
131,383
Karen Pannell
Real Living / Home Realty - Owensboro, KY
Owensboro KY Real Estate -270-903-2167 Homes, Cond

Practical info that every buyer needs!  Good job!

Feb 14, 2011 04:50 AM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
722,730

Connie Lou Barnett

GRI,CRS,CRB,SRMM,ARA,PRS,SFR,QSC
Get the Service you deserve! Call Connie Lou Barnett today.
*
*
*
*
Spam prevention

Additional Information