Seller Closing Costs Calculator

Seller closing costs are the expenses that a seller incurs at the closure of their home sale. Closing costs for the seller can be a little overwhelming – especially if you’re a first-time seller – so if you are wondering how to calculate closing costs for the seller then this is where a “Seller Closing Cost Calculator” can be a life-saver.

When you input the sale price of your house and the percentages/amounts that you expect to pay, the calculator will display estimated closing costs when selling a house.

What Are the Most Common Closing Costs for Sellers?
If you want to know a ballpark figure of how much are the closing costs for a seller then on average, closing costs for a seller comes out to roughly 8%-10% of the property’s sale price. So, if you calculate as per median U.S. home value of $276,717 (as of March 2021) then it translates to around $22,137-$27,671.

You don’t need to pay these costs in cash as they will be automatically deducted from your sale price but as a seller, you should know where these closing costs are scattered across. Here are all the home seller closing costs at a glance:
→ Agent Commission (5%-6% of the total closing cost goes solely into this)
→ Transfer Tax
→ Prorated property taxes
→ Title Insurance
→ Closing Fees and Escrow Fees
→ Homeowners Association Fees (HOA)
→ Attorney Fees
→ Closing Costs Credits
→ Hiring a professional photographer

How Much Are the Closing Costs for Sellers?
Seller paying the closing costs when selling a house is commonplace in property sales but some of these costs vary from state to state and even region to region. For example, in some cities, title transfer for a home will cost a seller thousands of dollars, while in some cities it is free.

As a seller, as discussed before, the majority of your closing costs comes from the commissions that you pay to the listing agent and the buyer agent as well, in total 5%-6% of the total closing costs.

You can eliminate the listing agent commission by choosing Houzeo’s Flat Fee MLS package instead of listing through an agent. This way, you save 3% on your closing costs. Also, if you are lucky enough to find an unrepresented buyer i.e. a buyer without an agent, you save another 3%.

No agents, no commissions!

How does Houzeo help you in maximum savings?
Houzeo eliminates the listing agent, thus saving you 3% right away, however, we also list your home on our website which serves as a search engine for buyers, as buyers who land on Houzeo’s website can search for any property they want, and if they like yours they can make a direct offer on your house. If you agree with their offer and close the deal with them, you save another 3%!

Houzeo also allows you to share your property listing directly on social media platforms with just one click, this maximizes your chances of finding an unrepresented buyer.

No doubt why Houzeo is the best Flat Fee MLS listing service out there!