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View Full Version : Seller's Cost in Resale?


MomofTMK
03-02-2002, 11:33 PM
Does anyone know what the average cost is to the seller in a resale?

WebmasterDoc
03-03-2002, 07:54 AM
If you use a broker, you will have to pay them their fee. If you choose to advertise, you will pay those fees.

Otherwise, it all depends on what you negotiate with the the buyer. Closing costs (and all other aspects of the sale) are all negotiable between the parties.

Dean
03-03-2002, 08:31 AM
Through a broker, the cost is the brokers fees (commissions) plus any negotiated costs like Maint fees, transfer, closing costs. Tradtionally all fees other than broker commisions are buyers costs but they are sometimes negotiated in the deal for seller to pay. Expect to pay some where around 10% with a miniumum usually around $1500 whichever is more. I've seen the minimum as low as around $7-800 once and another at $1000.