Before 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.
Standard Closing Costs for Sellers:
- Mortgage payoff and outstanding interest
- Brokerage Commission
- Title Policy Fees
- Escrow Fees
- Transfer tax or other government fees
- Home Warranty
It would help if you also considered the capital gains tax and moving costs.