There are several expenses associated with selling. What follows is the vast majority of them and steps to calculate your “net proceeds” - aka what you’ll make from the sale! All of the below % are based on the sale price. Some costs are not guaranteed but may come into play depending on the property, inspection results, or negotiated terms. These can include repair requests, buyer concessions, home warranty coverage, or prorated property taxes and utilities through the closing date. Your SRG agent will review any of these items with you before decisions are made so you can move forward confidently. What Does the Buyer Pay? HOW MUCH WILL YOU WALK AWAY with? Selling a home involves more than just the final sale price. Understanding the costs upfront helps you avoid surprises at closing and gives you a clear picture of your estimated net proceeds, meaning what you’ll actually take home from the sale. All percentages below are based on the final sale price. The largest cost when selling a home is real estate commission, which covers professional representation, pricing strategy, marketing, negotiation, and transaction management from start to finish. Commission is negotiable and is clearly outlined in your listing agreement based on the package and services selected. In Washington, sellers are also responsible for excise tax, a state-mandated tax paid at the time of sale. Title insurance is typically paid by the seller to protect the buyer against past title issues, while escrow and recording fees cover the legal handling and documentation required to transfer ownership properly. Together, these standard costs generally total 7.5–10% of the final sale price. Cost to sell Buyers typically cover their own loan-related costs, including loan origination fees, lender’s title insurance, appraisal fees, and other financing-related expenses. These costs generally total approximately 2.5% of the purchase price, plus any interest rate buy-downs they choose. Why This Matters Reviewing estimated net proceeds early is a key part of our process. We walk through the numbers with you upfront and update them as the listing progresses, so you always know where you stand and can make informed decisions without stress or guesswork. Possible Additional or Situational Costs
Example Net Proceeds Breakdown Sale Price: $400,000 Estimated Costs to Sell: • Commission 3% Selling Agent (example): $12,000 • Commission 3% Buyer’s Agent (example): $12,000• Excise tax (1.5%): $6,000 • Title, escrow, and recording fees (approx.): $4,000 Estimated Total Costs: $34,000 Estimated Net Proceeds: $366,000 YOUR AGENT WILL REVIEW A PERSONALIZED NET SHEET WITH YOU BEFORE LISTING AND UPDATE IT AS OFFERS AND NEGOTIATIONS EVOLVE.
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