Question 1

What are closing costs when selling a home?

Accepted Answer

Closing costs when selling include real estate broker commissions (traditionally 5-6%), transfer taxes, title search and insurance fees, escrow fees, and outstanding property tax prorations. These typically amount to 7% to 9% of the final sale price.

Question 2

Is it better to sell to a cash home buyer or list on the MLS?

Accepted Answer

Selling to a cash home buyer offers speed (closing in 7-14 days) and avoids repairs, but typically requires accepting 30% below market value. Listing on the MLS takes longer and requires closing fees, but maximizes your net cash proceeds.

What check will I actually get at closing?