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Updated 8 months ago on . Most recent reply

Tim Kaminski's profile image
Tim Kaminski's profile image
Tim Kaminski
  • from St. Petersburg, FL
  • Member since Feb 11, 2015
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Tim Kaminski's profile image
Tim Kaminski's profile image
Tim Kaminski
  • from St. Petersburg, FL
  • Member since Feb 11, 2015
Connect
Tim Kaminski
  • St. Petersburg, FL
68
Votes |
313
Posts
General Real Estate Investing

Rule of Thumb for Estimating Costs Selling?

Tim Kaminski
  • St. Petersburg, FL
Posted

Have never sold a property but I get offers quite a bit. Most claiming to cover closings costs/sellers cost.

Is there a general rule of thumb for what to expect to pay in fees/taxes when selling a property? I have heard 15%?

(Offer)-(What I Owe)=X*(0.85)=ACTUAL TAKEHOME $$

I am asking about the 85% I have written in equation.

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