Q:

How much of the closing cost should the seller pay?

A:

Quick Answer

The amount of closing costs paid by the seller of a property varies depending on which specific line items the seller agrees to cover. In most deals, the seller agrees to pay the real estate commission, which is often the largest part of the closing costs.

Continue Reading

Full Answer

The real estate commission is a percentage of the final sale price of a property that is paid directly to the real estate agent who brokered the sale. The commission is usually 3 to 6 percent of the cost of the property. In the majority of sales, the sellers are expected to pay the commission and the balance of their property taxes as their share of the closing costs.

Learn more about Real Estate
Sources:

Related Questions

Explore