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What You'll Net at Closing

7 Terms to Watch for in a Purchase Contract | What You'll Net at Closing
Understanding Capital Gains in Real Estate | Moving Tips for Sellers
6 Items to Have on Hand for the New Owners

To find out how much money you'll net from your house, add up your closing costs and subtract them from the sale price of the house.

Closing Costs for Sellers

Mortgage payoff and outstanding interest
Prorations for real estate taxes
Prorations for utility bills, condo dues, and other items paid in arrears
Closing fees charged by closing specialist
Title policy fees
Home inspections
Attorney’s fees
Survey charge
Transfer tax or other government registration fees
Brokerage commission
TOTAL:

7 Terms to Watch for in a Purchase Contract | What You'll Net at Closing
Understanding Capital Gains in Real Estate | Moving Tips for Sellers
6 Items to Have on Hand for the New Owners

Content from REALTOR® Magazine Online with permission of the
NATIONAL ASSOCIATION OF REALTORS® Copyright 2005.
All rights reserved. www.REALTOR.org/realtormag

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Equal housing lender

Site Updated: Tue Feb 07 2012