What Costs Do I Have To Pay When I Sell My House?

Posted by Jerome Leyba on Friday, November 12th, 2021 at 10:33pm.

Selling your house in Santa Fe? How much is it going to cost you? Where do I even start?

When you begin the process of selling your home, it is easy to become overwhelmed with all of the factors that are needed for preparation. What do I start first? Where am I going to move? How long will it take to sell my house? The list goes on and on.

As real estate agents, we find the number one question is, what will it cost to sell our home?
In a nutshell, we tell sellers you will be looking at a 7-7.5% cost for selling fees.

What do selling fees include?

Six percent of the price will be your broker selling fees. That money will go to paying your Real Estate agent and the buyer's Real Estate agent. Depending on how your broker prepares your listing agreement, that commission will be split. In most cases, it is evenly divided.

The other 1-1.5 percent is allocated to title costs. These fees are negotiable, but your real estate agent will more than likely have an estimate prepared for you to give you an idea of what a traditional contract might look like.
It is important to remember that every part of the contract is negotiable, so any fees quoted are subjective to what type of contract you receive. This may require your Real Estate agent to have the title recalculate a preliminary settlement statement to confirm costs. Interested in selling your home?

Feel Free to contact us to discuss the potential cost.

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