How do i know closing cost cost on selling a $280,000 home?
i am selling a home and i think the total selling price is ,000.
the company said 2% of sale of house, 4% listing and 4% for them. that seems alot, thanks for the time of reading this,
7 Responses
Josi
07 Mar 2010
Henry W
07 Mar 2010
If that is really what you are paying, it is way too much. In Canada, the selling commission is no more than 7%. Realtors usually charge 7% on the first $100,000, and 2.5% over $100,000. I don’t know where you are, so I can not give you any more advise. If you live in Canada, you can file a complaint with the Real Estate Board or the Real Estate Council in your area.
Get Justice!
07 Mar 2010
Several factors and amounts apply when selling a home. At my office we only charge 1% on the total amount of the sale for the loan. Most relators charge up to 6%, as the sellers agent. Now days you can negotiate that precent. If you are in need of some help, contact me. I may be able to assist you.
Sincerely,
Jon
henock_yohannes
07 Mar 2010
its based on the closing company, from my experience its about 3%
AB
07 Mar 2010
Closing costs are independent of real estate agent’s commission. What you’re talking about are the commissions. I hope you haven’t signed a contract b/c agent’s commissions can be negotiated. Depending upon your local market, they can definitely decrease this. I have seen from 5%-7% for commissions. If they don’t, then maybe you should look elsewhere.
Frank Castle
07 Mar 2010
I suggest you to find another company.
Kathleen Lordboc
10 Mar 2010
Closing costs can be pulled from the title company that you are planning to close with by your agent at no extra charge. They will make up a HUD for you and can get it very close. They do need information such as:
do you have a mortgage
are your taxes paid up to date
any HOA fees
city water & sewer or country
Closing costs and the amount you pay to your realtor (typically 6% in the US) are two different things. Closing costs include your portion of the year’s taxes, the termite inspection, your part of the attorney’s fees, things of that nature. Your agent should be able to give you a more reliable number than what you have. I couldn’t quite understand if the home was selling for 21,000 or 280.000, so I’m sorry I can’t help with the specifics. Set up a meeting and find out. Depending on how close you are to closing, your agent should be able to give you an approximate cost.
Good luck!
Happy Holidays!