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Besides realtor fees, what are the usual costs associated with selling? Our realtor gave us an estimate of getting $25k if we sell our condo for $205k and we owe $160. Dh looked over the numbers but can't remember what the costs were (I held our squirmy baby). We are in Md if that helps.
Ok, so in Howard Co Md, the transfer tax is 1%, usually split 50/50. Then there is the other fees (attorney fees, title search, and recording fees) which are usually 1-1.5%, correct? That would be ~2% of 205k, or $4100, and then 6% of 205k is $12300, so the total is $16400. So 205000-16400= 188600-160000=$28600.
Ok, so in Howard Co Md, the transfer tax is 1%, usually split 50/50. Then there is the other fees (attorney fees, title search, and recording fees) which are usually 1-1.5%, correct? That would be ~2% of 205k, or $4100, and then 6% of 205k is $12300, so the total is $16400. So 205000-16400= 188600-160000=$28600.
Ok, that sounds about right!
Thanks so much!
I don't know about MD, but in ME the buyer pays most of those - unless they have negotiated for you to pay for them.
Welcome to the club, lol. You can always call the title company and get it from them.
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