how do i calculate closing cost selling the house

4 Replies

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  • Investor · Los Angeles, CA · Member since 2016 · 577 posts · 240 votes
    9y
    Id budget for $1500-2000
  • Real Estate Agent/Investor · Peoria, AZ · Member since 2016 · 2k+ posts · 2k+ votes
    9y

    In the simplest terms, closing costs are usually 2-4% of the sale price. 

  • Real Estate Agent · Las Vegas, NV · Member since 2015 · 2k+ posts · 1k+ votes
    9y
  • Rental Property Investor · Los Alamos, CA · Member since 2016 · 114 posts · 62 votes
    9y

    If you're using an agent and it's a residential property, then the seller typically pays 6% of your purchase price to cover the commissions. Also, you should add anything you might negotiate to split with the buyer. Some purchase contracts from a buyer will specify the buyer and seller split an appraisal or title insurance or similar.

    You can of course negotiate all this, or you can not use an agent and market the place yourself, but then you should estimate those costs.

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