The costs of selling your home are for the most part fixed and generally speaking will not vary much from broker to broker.
As an example I will use the typical selling costs for a median priced 2 bedroom condo in SoMa – $900,000.
- Commission 5% – $45,000.
- Transfer Tax - $6.80 per thousand (900 x $6.80 = $6,120).
- Mandated Disclosure Documents – Budget less than $1,000 (HOA docs, 3R Report, Hazard Report etc)
- Title Costs – Minimal. Buyer pays for most of these costs.
- Photographer – $275. I normally pay for this along with the marketing costs, but many agents don’t.
- Condo Move Out Fee – $250 or so.
- Optional – Pest & Contractor’s Inspections, Staging, Repair work & Window cleaning.
So, in this case not including the optional items you should budget approximately 6% of the sale’s price for your selling costs. Generally speaking that is a pretty good number to use. Obviously if your property is less the percent may increase a little or vice-versa.
Do you have other questions? Drop me a note mnovia@southbeachrealestate.com or call 415-637-2409. My response time is excellent.
Filed under: Seller Info | Tagged: Michael Novia, Realtors San Francisco, San Francisco Real Estate, SoMa Real Estate, SoMa Realtor, South Beach Condos, South Beach Lofts, South Beach Real Estate, South of Market Condos
