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Old 05-18-2013, 06:12 PM
 
Location: Dover, DE
1,707 posts, read 3,653,072 times
Reputation: 2280

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As long as you are making a profit after your mortgage is paid off from the proceeds, then all the costs should come from there. We sold a house in PA and had to pay 1/2 of the "transfer tax". Also, since we sold during the downturn in the housing market we paid part of the the closing costs, and of course the realtor fee. Since our house was paid off, they just deducted all the fees and sent us a check for the balance. Make sure you get a copy of the final detailed closing costs with everything that was paid by both parties.

We actually made the decision to have a pre-listing inspection done, as well a all the general minor fixes and painting. Although we didn't think there was anything major, there were a few minor things....non working ground default plug for the whirlpool tub, drywall needed in the garage, shower door replaced. The thing about this is because we did it ahead of time, my husband was able to do all the things himself. If the inspection was done by the buyer, there was a chance that they would have insisted on choosing who fixed things instead of us choosing at a lesser cost. In the end when the buyer saw we did the inspection and what the results and fixes were, they chose to not have one done themselves, which saved some time on closing.

One thing that I did was put together a big notebook for display that included the inspection report, spreadsheets with all the various utility bills, and all the various owner's manuals for the appliances, furnace, heat pump, water heater, etc. This became the new owner's "bible" and saved me a lot of trouble looking up answers to questions.
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Old 05-19-2013, 09:57 AM
 
Location: The Berk in Denver, CO USA
13,086 posts, read 18,660,718 times
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Default Good idea

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Originally Posted by rothbear View Post
One thing that I did was put together a big notebook for display that included the inspection report, spreadsheets...
Or, you could put it online. For example: Legal Disclousres for 3968 Vrain Street, Denver, CO and Legal Disclousres for 890 South Josephine Street, Denver, CO
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