HomeLight
APRIL 14, 2023
Agent commissions take the largest chunk out of the seller’s profits. Other closing costs generally incurred by California home sellers include transfer taxes , property taxes, and mortgage loan payoff. Some closing costs in California are generally shared by buyers and sellers, such as escrow fees that are paid by both parties.
HomeLight
JULY 12, 2022
Seller concessions. Home sales tend to involve several rounds of negotiation between the buyer and seller. For example, if a home inspection uncovers plumbing problems or electrical hazards, the sellers might offer the buyers a credit rather than spend the money to fix the problem before closing. Title search fees: (.05%-1%
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HomeLight
NOVEMBER 10, 2021
Unless they’re buying brand-new construction , buyers consider your home “used” and wonder how soon they’ll have to replace or repair something, such as a major appliance. You’ll better coordinate steps such as a pre-listing inspection and preliminary title report before your house hits the market (more on those below). “I
HomeLight
NOVEMBER 21, 2022
Not having agent representation could also lead to paying more in seller concessions. An attorney must supervise the closing process including title search and commitment, recording deeds and other documents, escrow procedure, and disbursement of funds. Marketing your home is time-consuming. Time to button up that deal.
HomeLight
APRIL 26, 2023
Not having agent representation could also lead to paying more in seller concessions. A seasoned real estate lawyer also has a network of title companies, home inspectors, and other professionals for various services required through the FSBO process. Overpricing or underpricing. Letting your house sit on the market too long.
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