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by Ginahasham on March 28th, 2005

Ginahasham

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Typically, what does a seller have to pay at closing?

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  • by Anonymoose on April 12th, 2005

    Anonymoose

    It really depends on what you agreed upon with your buyer. Some sellers will agree to pay $1,000 or so towards closing costs. Others will offer to pay for a Home Warranty which takes effect at closing. Of course the seller will have commisions which are about 5-6% of the sale price (if you are using a real estate agency), but you don't actually write the check yourself. The title company will take care of making out the check from the funds that you would receive from the buyers at the closing. Each state has different laws so the best thing to do is to check with a real estate agent in the state where your home or property is being sold.

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