Sell

Closing Cost

The list below indicates how costs are generally divided in a real estate transaction
and who is responsible for the payments. Some costs are flat fees where others are
based on pricepoint and loan amount.

SALE PRICE TYPICAL COST WHO PAYS?
Commission 6% of Purchase Price Seller
Appraisal (1-4 Units Conventional) $450 - $750 Buyer
Appraisal (Jumbo - 5+ Units) $1,000+ Buyer
Credit Report $30 - 70 per Borrower Buyer
Inspection Fee $350+ per Visit Buyer
Lender-Direct Underwriting Fee $750 - $1,000 Buyer
Processing Fee $150 Buyer
Flood Certificate $50 - $100 Buyer
Tax Service $85 - $350 Buyer
Attorney Fee $600 - $1,000+ Buyer and Seller, Each
Settlement Closing $250 -$1,000 Buyer
Title Insurance (Buyer) Based on Home Value Buyer
Title Insurance (Seller) Based on Home Value Seller
Recording Fee $75 - $250 Buyer and Seller, Each
State and County Transfer Tax $1.50 per $1,000 Seller
Transfer Tax $3.00 to $7.50 per $1,000 Buyer and/or Seller
Survey $500 - $1,000 Seller
Interest Per Day Loan Amount × Rate/365 Buyer
Escrow Taxes 1 - 5 Months (If Applicable) Buyer
Escrow Insurance 1 - 5 Months (If Applicable) Buyer
Tax Proration TBD by Parties Seller
Water Certificate (If Applicable) $50 Seller

Tips on Staging/Prep for Sale

MINIMALISM

The number one rule of staging a home is to use a minimalist approach. Clear out everything unnecessary from bedrooms, bathroom shelves, closets, bookcases and pantries. 

Clutter is distracting and makes spaces feel smaller, by decluttering you invite prospects to view a functional space, rather than mess. 

Minimalism isn’t unique to junk, clear out any furniture which makes space feel small or disrupts the flow of the house. When preparing for photography or showings, less is more.

LIGHTING

Lighting is more important than it seems. In fact it’s one of the most important elements in a home. Lighting can impact mood, scale of a room, performance and even mental health.

When staging your home, ensure that blinds/ window treatments are opened allowing maximum natural light. Natural lighting makes the space feel inviting instead of dark or sterile. If natural lighting isn’t an option, ensure all light fixtures are turned on and utilize lamps. Lighting from lamps, overhead lighting should all match in hue and tone.

EXTERIOR

The outside of the home is just as important as the interior. By creating great curb appeal, you will ensure prospects fall in love with the home before they even step foot in the front door.

For Spring, Summer and Fall- think about adding pots with annual flowers at the entrance.  

NEUTRAL COLORS

When staging, it’s not the time to flaunt bold colors. Play it safe and choose neutral colors that will appeal to all buyers. Using shades like white, grey or beige, allows the  home to appeal to a wider audience. If a home has bold statement walls, it may reduce a buyer’s interest, as it becomes another thing to add to their to-do list.  

CLEANLINESS

Often people focus on other projects when selling a property and overlook something as simple as a thorough clean.  

At an inspection, nothing is more off putting than seeing a dirty sink or floor. Ensure you get out the vacuum, mop and scrubbing brush or hire a professional cleaner to rejuvenate your home and entice buyers.

DEPERSONALIZATION

The point of staging a house for sale is to encourage prospects to imagine themselves living in the home, creating an immediate emotional connection with the property. This is difficult to achieve when the house is still filled with personal items from the current owners. 

When listing your property, it can be helpful to remove family photos, cards and any other personal items which may distract potential buyers from seeing their own future in the home. Kitchen counter tops should not be cluttered- especially in preparation for listing photography

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