If you’re just beginning your selling process and are curious about the cash proceeds to invest in your next property, try our home sale proceeds calculator. To clarify, typical closing costs include up to 6% in commissions (to your agent and the buyer’s agent), and an additional 2% to 4% in transfer taxes and property taxes, attorney fees, and real estate fees like title insurance, HOA transfers, and escrow fees. The overall transaction costs of selling a house include standard closing costs as well as potential charges associated with preparing the home for sale, relocating your belongings (and sometimes yourself), and offering concessions to the buyer.
Here are the expenses you can expect during that time. On average, homeowners spend seven months planning and preparing to sell their home, and three additional months with their home listed, pending and closing. When you’re thinking about selling, it’s easy to get excited looking at your Zestimate® home valuation tool and seeing how much your home value may have increased over the years, but it’s important to be prepared for the hidden, and sometimes overlooked, costs of selling a home.
Selling a house is time consuming and expensive - often much more than sellers might expect.
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