What You Net When Closing on a House
To find out how much money you'll net from your house, add up your closing costs and subtract them from the sale price of the house.
Closing Costs for Sellers:
- Mortgage Payoff and outstanding Interest
- Prorations for MN real estate taxes
- Proration for utility bills, condo dues, and other items paid in arrears
- Closing Fees charged by closing specialist
- Title Policy Fee
- Home Inspection
- Attorney's Fees
- Survey Charge
- Transfer tax or other government registration fees
- Brokerage commission
For an excel spreedsheet that will auto-calculate these for you contact Dan Kingsley, The Real Estate Ranger, 507-990-1721.
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