Sellers often have questions about the fees that they are responsible for paying from the sale of their property. Below is a list of some of the expenses that sellers can expect to pay at closing:
Seller’s Closing Costs
List of Items | Description |
Broker’s Commission |
The seller typically pays the real estate commission. |
Discharge Tracking | Typically ranges from $75 – $125 per discharge. |
Discharge Recording Fee | $75 per mortgage discharge. |
Deed Stamps | Calculated at $4.56 per $1,000.00 of the purchase price. (This may vary depending on the county) |
Miscellaneous Recording Fees | $75 per document (Ex: A condo association may require $75 for the 6D Certificate) |
Final Water/Sewer Meter Readings | Typically for single family houses only. |
Legal Fees | Attorney fee to the seller’s attorney ranges from $500 – $1,500. |
Payoff Line | Payoff of the seller’s existing mortages. |
Sellers are also responsible for obtaining a Smoke Detector Certificate for the property. Fees for this vary by town and can be obtained from the local Fire Department.