Once you’ve been given an estimate of market value, you can get a rough idea of how much cash you might walk away with when the sale is completed. This can be particularly useful as you start looking for another home to buy. From the estimated sales price, subtract:
Payoff figure on your present loan(s)
Any prepayment penalty on your mortgage
Attorney’s fees, if any
Unpaid property taxes
In addition, I can tell you whether local customs or rules expects the buyer or seller to pay for the following items:
Title insurance premium
Inspections and repairs for termites and the like
Homeowner Association transfer fees and document preparation
Home protection plan
Natural hazard disclosure report
As far as closing costs are concerned, you and your eventual buyer may agree on any arrangement that suits you, no matter what local practice dictates. Your REALTOR® will assist you in estimating what your final closing costs will be. It is difficult to predict what the exact closing costs will be when you negotiate with a particular buyer.
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It is my belief that no programs or tools,however effective, can replace the individual agent who takes the time to listen and truly guide you through this process. I have been dealing in the residential and land sales field with over 20 years experience and am also an Associate Broker with Weichert Realtors. I work with local and national relocation companies to move families short and long distances. I enjoy working with both home buyers and sellers. I am certified by the Virginia Housing Development Authority to give first time homebuyer’s seminars for financial qualification to receive state grant money.
ABR, GRI, CRB, e-PRO
Licensed in Virginia and West Virginia