When you sell your home, there are several expenses that may be deducted from your proceeds at closing. While every situation is unique, the most common items include:
• Realtor commissions
• Title and settlement fees
• Property taxes or prorations
• Any outstanding mortgage or equity line payoff
• HOA or condo association dues
• Potential repairs requested by the buyer
Your title company prepares a full settlement statement before closing so you know your exact bottom line. If you’d like a personalized estimate of what selling your home could cost — and what you can expect to net — I’m happy to prepare one for you.
