Selling a home & closing costs (sales, real estate, how much)

[NY2NC96]

Our home is being listed today...figured we would put it on and if it sells great...if not its back on in the Spring. I have never sold a home in NC and was wondering what the typical sellers portion of closing costs are?. Also, for those who have sold a home did you kick in any of the buyers closing?..and if so approx. how much?. THANKS!!

[des1rees]

Originally Posted by NY2NC96

Our home is being listed today...figured we would put it on and if it sells great...if not its back on in the Spring. I have never sold a home in NC and was wondering what the typical sellers portion of closing costs are?. Also, for those who have sold a home did you kick in any of the buyers closing?..and if so approx. how much?. THANKS!!

If you have a realtor, he or she should be able to give you a cost estimate of your closing costs. For the seller, it is not as much - I think we paid for the taxes upto the day of closing and that was about it. We did offer 3K towards closing costs for the buyer, felt that incentive added to the attraction of the house since we were competing with new home builders offering to cover closing costs and upgrades. Our house was under contract within 6 weeks of it being on the market ( we closed early Aug). Initially we did not offer anything, but all the offers we were receiving had the buyer asking for a portion of the closing costs to be paid, so we decided to add it in the listing.

Hope this helps, best of luck,

D

[wheelsup]

As a buyer I got $4000 in closing costs from the seller on a $175k house, I bought a little over a year ago. I wouldn't have bought a house without closing cost payments due to the nature of the market.

[leighbhe]

Sellers in general pay:

excise tax (2 dollars per 1000 dollars of the contract sales price)
Deed prep from the attorney
prorated share of the property tax
any real estate commissions
any monies agreed on for the buyer (some people agree to pay for closing costs, or repair costs, etc)

generally that is it, but your agent can run all of the numbers for you once there is an offer on the house.

Leigh

[kennethhoff]

I think others answered your question, just wanted to add a reminder that a realtors commission is a negotiable item! Not all realtors may agree to it, but you can negotiate the realtors commission - or at least talk about it, especially in this market and how marketable your house is. Too many people are afraid to say anything, but you can sometimes knock it down a percentage point or around that. Good luck.

Originally Posted by NY2NC96

Our home is being listed today...figured we would put it on and if it sells great...if not its back on in the Spring. I have never sold a home in NC and was wondering what the typical sellers portion of closing costs are?. Also, for those who have sold a home did you kick in any of the buyers closing?..and if so approx. how much?. THANKS!!