What Costs Are Involved in Selling a Home?

Selling a home involves several costs, often including:

1. Title Agency fees

This can include things like title insurance, recording fees and local government conveyance fees.

2. Mortgage Payoff

Any remaining mortgage balance, including second mortgages and home equity loans / lines of credit.

3. Property Taxes

In central Ohio, taxes are paid in arrears, so sellers must credit buyers for unpaid taxes prorated to the closing date.

4. Broker Compensation

If using a listing agent, their fee is part of your costs. Some sellers may also elect to contribute towards a buyer’s broker fee depending on the terms of a buyer’s offer, but this varies on a case by case basis and is always negotiable.

5. Sale Prep

Costs for repairs, upgrades, or staging to prepare the home for sale.

We recommend consulting a trusted local Realtor to discuss the specific costs for your home sale and receive an estimated net sheet based on different scenarios.

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