Selling Costs
Other costs beyond your broker or agent’s compensation and mortgage reimbursement should be considered as you prepare to sell your property. What are they?
- Advertising costs, to be determined with your broker or agent. This information may be detailed in your brokerage contract.
- The notary’s discharge fees, allowing him or her to release your property from its mortgage.
- Assessment of your property by a professional evaluator, should you wish.
- Mortgage cancellation and prepayment fees. Many mortgage contracts include a penalty clause for prepayment.
- Property and school tax adjustments. You may not be up to date, for example, in your tax payments.
- The costs of preparing your property for sale: painting, repairing stairways, etc., if necessary.
- Moving costs.