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I often get asked, “What are the costs involved in selling a property?” It’s not a very large list, but you do have some costs involved in selling a home.
1. The brokerage fee. This goes to the agents involved in marketing and selling the property.
2. Transfer tax and revenue stamps to the state of Michigan. This is basically a sales tax for selling the property in Michigan.
3. Required title insurance. You will need an owner’s policy.
4. Transaction fees. These include things like closing fees. If you have a well and septic, you will be responsible for those fees as well.
Other things you may need to pay for include an optional home warranty or assisting the buyer with closing costs. There may be other costs specific to your transaction that get negotiated by your agent.
If you have any questions, give me a call or send me an email. I would be happy to help you!
