What are all the possible costs that a person will incur when selling a house in California?
2007-05-13 07:59:49 · 2 answers · asked by Chuck Z 2 in Business & Finance ➔ Renting & Real Estate
If you're SELLING...
Approx. 2% of sales price will cover Title, Escrow, Termite, etc. Add another 6% for Broker Fees. Ball park = 8% - 10% of Sales Price.
Example: Home sells for $500k, then total closing costs approx. $40k. This is a safe guesstimate. In fact, you may even get a $2k or more back. Just depends.
2007-05-13 09:44:41 · answer #1 · answered by kevc21 3 · 0⤊ 0⤋
Your credit would be destroyed to the element which you merely isn't finding out to purchase something on credit for the subsequent 5 years. a short sale remains undesirable, yet a lot extra advantageous. understand that counting on the place you reside and the varieties of mortgages which you took out, you will nonetheless legally be on the hook for the damaging fairness and which could additionally be taxable earnings to you. Do you have sufficient spare funds interior the economic company to pay the tax bill on an further $100k of earnings???
2017-01-09 18:49:06 · answer #2 · answered by chiado 4 · 0⤊ 0⤋