The cost of selling a home in today’s market
The housing-market slump means sellers are agreeing to cover some or all of buyers’ closing costs. A big savings for buyers — and a big expense for sellers.
Doris Hall-Scheeler, senior vice president at Sage Title Group in Baltimore, sees sellers contributing up to 6 percent of the sales price to buyers in closing-cost assistance. That’s $18,000 on a $300,000 house. And it’s just part of what homeowners have been paying to move on.
Add taxes and real estate commissions, and sellers can end up forgoing more than 12 percent of their sales price, Hall-Scheeler said.
Full story is available on Baltimore Sun
