Prior to accepting an offer and ideally even earlier in the process, consult with your tax professional.
Your Realtor should have provided you with an estimated Seller’s Net Sheet earlier in the process.
Common Closing Costs for Sellers:
- Mortgage payoff and outstanding interest
- Brokerage Commission
- Title Policy Fees
- Escrow Fees
- Transfer tax or other government fees
- Home Warranty
You should also consider the capital gains tax, and your moving costs.