Jeff closing cost are something both Buyers and Sellers many times fail to consider.  When I am working with a Borrower I make sure they know what those costs are going to be as early as I possibly can in the process.  Being surprised by closing cost in the end or after they are well into a transaction is not the time to find out about them.

Very informative overview of what to expect for closing costs.  Too many clients don't have strong agents to guide them on this front.  

And I see your video series on YouTube - very nice!!

The alphabet spammer strikes again. Good grief, you'd think we could get rid of these creeps. 

I really like this explaination Jeff. We actually provide a net sheet in our CMA's showing several scenarios - a bit over value, suggested pricing, and a lower price point - generally about 10,000 apart. It is valuable, as it can show sellers the reality, plus it sets expectations. Naturally, it has a disclaimer noting we can't know the exact price the house will eventually sell for ---- once we get an offer, we always include a net sheet.  

In Washington state sellers also pay an excise tax - is it about 1.8% depending upon where you live. So, it can be a hefty part of the closing costs too. 

This is a really good breakdown of the closing costs that a seller will have in your area.  I hope that your clients realize that they have hired the best when they hire you and treat you like you are the best.

Good morning Jeff - Closing fees can be a surprise for people who have not planned.

This is a great post Jeff Dowler, CRS. When I was a brand new agent, I witnessed something in my office that stayed with me all these years. The listing agent(from my office) failed to disclose all of the closing costs for the seller, in that, he did not mention their portion of the taxes they would be paying at the time of the closing. When the seller received the closing document, they were beyond mad. Long story short, our Broker ended up absorbing the difference.
It is important for the agents to educate our clients on the closing costs so there are no surprises.

There appear to be more closing costs for sellers in your market than in mine.  Sellers pay zilch in escrow, doc prep, and no seller title insurance fees either.

Hi Jeff Dowler, CRS - It is good to point these costs out to both the seller and the buyer.  A lot of the time it is sticker shock!

Hello Jeff - let's face it, most home owners don't sell that often so the issue of closing costs they might incur may not be as familiar to them as other expenses so this your tips/advice is quite valuable as a guide for what they can expect.  Of course, situations can differ so your personal contact is an added benefit.