Totaling up the various costs that sellers should expect when selling.
There are a variety of opportunities in the Central Pennsylvania real estate market for both buyers and sellers.
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If you are a seller, you’re probably wondering what your bottom line is when it comes to selling your property. Today we want to help you plan ahead, so let's break down some of the most likely expenses you’ll incur when selling your home. Here are the fees that a seller will typically have during a real estate transaction:
Ask your Realtor, lender, or title company to explain the purpose of any fees you don’t understand. Call us at (717) 695-3177 or email info@joydaniels.com to discuss your options. We look forward to hearing from you.
- A 2% transfer tax for Central Pennsylvania. This is typically split between the buyer and seller.
- Prepared deed to transfer to the buyer. This generally costs $150.
- The notary fee, tax certification fee, and overnight delivery wire fees are all minimal costs.
- Outstanding balance towards a homeowners association, real estate taxes, or sewer bill.
- The real estate commission is paid after settlement, and it is the largest expense. Thankfully, sellers also get money back at settlement in the form of prorated taxes.
Ask your Realtor, lender, or title company to explain the purpose of any fees you don’t understand. Call us at (717) 695-3177 or email info@joydaniels.com to discuss your options. We look forward to hearing from you.
