Selling a home isn’t just about planting a “SOLD” sign and popping champagne. There are costs that creep up at the finish line—closing costs—and if you’re not ready for ‘em, they can feel like a cold splash of sweet tea on a winter morning.
So let’s walk through it, real talk style.
1. 💼 Real Estate Agent Commissions
💡 Trivia: Did you know the average real estate agent walks about 10 miles a day during home showings, open houses, and staging prep? Your agent isn’t just posting your house online—they’re working the field!
What it means for you: Sellers typically cover both agents’ commissions (yep, even the buyer’s)—usually around 5–6% of the sale price.
2. 🛡️ Title Insurance
This protects the buyer in case someone comes forward claiming ownership of your home—like a long-lost cousin with a forged will. In many states, sellers pay for the owner’s title insurance, which can run anywhere from $500 to $1,500.
💡 Trivia: The concept of “title” dates back to Roman law. Basically, we’ve been arguing over who owns what since 100 B.C.
3. 🧾 Transfer Taxes and Recording Fees
Some states and counties want their slice of the pie. These government fees can run up to 1% of your sale price.
4. ⚖️ Attorney Fees (if needed)
In some states (like New York or parts of the South), an attorney’s required to close the deal. Even if it’s optional, some sellers like that extra peace of mind. Costs range from $500–$1,500.
5. 🏡 Prorated Property Taxes and HOA Dues
You’ll pay your share of taxes and HOA fees up to the day of closing. Think of it like splitting the bill when someone joins you for dessert—gotta pay your portion.
💡 Trivia: The term “escrow” comes from the French word “escroue,” which meant a scroll of paper kept by a third party. Basically, ancient middlemen with scrolls.
6. 🔧 Repairs or Seller Concessions
Post-inspection, the buyer might ask for repairs or request a credit. It’s not a guarantee, but it’s wise to budget for it just in case.
💰 So, How Much Are We Talkin’?
When it’s all said and done, closing costs for sellers usually land between 6% and 10% of your sale price. It’s a hefty slice, but it pays for peace of mind, a smooth deal, and (hopefully) a faster sale.
✅ Pro Tip:
Always ask your agent for a Net Sheet before listing. It’ll show exactly how much you could walk away with—so there’s no sticker shock at closing.
The Seller’s Net Sheet is not a legal requirement, but it serves as a valuable tool in estimating home sale profit.
Thinking of selling but want to make sure your money’s working smart? I’ve got you. Let’s talk about your net proceeds, not just your sale price.
No surprises. No fluff. Just straight-up homegrown guidance.
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Devin Todd Ramsey
Kentucky Realtor | Neighbor
📲 Let’s chat: 859-200-6513 | Devin@ToddKY.com