What Are the Closing Costs for a Home Seller?
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Once you've accepted an offer on your home, you may be anticipating a nice profit. But then come all of the closing costs you’re expected to pay. Closing costs for a seller can amount to roughly 6% to 10% of the sale price.
On the bright side, unless you have very little home equity, the closing costs will simply be deducted from the proceeds from the sale of the home. You're still spending the money, but since it never hits your bank account in the first place, losing it can hurt a little less.
Both you and the buyer will receive a closing disclosure three days prior to the actual closing. This will lay out all the details of the sale with real numbers, so you'll know what everything costs — and have the chance to get any errors corrected.
Here's an overview of common closing costs for sellers.
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