If you’re considering selling your Santa Clarita CA home, you may be wondering what “customary” costs are involved when selling. I can tell you that costs can vary widely depending on the service providers you choose, including the Santa Clarita agent you hire to sell your home.
What costs are there when selling a home in Santa Clarita?
This is not a detailed and all inclusive list, but it should give you a rough idea that’s fairly within the “norms”…
Cost Line Items:
- Real Estate Agent Commissions
- Title insurance
- Escrow fees
- Termite inspection
- HOA transfer fees, if any
- County transfer tax (and City if you’re in a city that charges one, like Los Angeles does)
- Notary and delivery of document(s) fees
- Home warranty (one year) for the buyer, if buyer negotiated for one
The above list are the main source of costs for a seller, when selling a home. It doesn’t take into consideration and credits to buyer that buyer negotaites either for their closing costs or for repairs once they complete their inspection.
While commissions are totally negotiable and vary between agents, you might spend about 5% of your sales price on commissions, if you wanted to use a round somewhat avg figure. That figure is split between the two agents involved – your agent – and the agent representing the homebuyer. The other costs may total somewhere around 1.5% of your sales price approximately. Again – TOTALLY depends on service providers used (ie Escrow co, Title co, etc) – which you have a say so in as the seller. That means you might spend about 6.5% of your proceeds on closing costs attributed to the seller.
Want to spend less money in seller closing costs? Then you need to negitate them lower and or go with service providers who charge less. Paying less doesn’t mean you’ll get less in the way of competent services provided to you. But also, sometimes paying less and going with the least costly providers may not mean the best services provided to you either.
Moving can be a pain. Selling a home can be stressful. Go with your gut, use service providers that you feel confident in and make you feel well taken care of.
Are you a DIY type? Then maybe sell the home by owner. Skip having an agent in your corner to quarterback your sale and all the legal documents and contracts, and save the money. Most often though, For Sale By Owners end up hiring a real estate agent after their initial attempt at selling. That doesn’t mean you can’t do it though. I’ve seen it done. And it does happen.
How can I help you?
The best way to help you if you’re selling is to view your home in-person, determine it’s highest possible value and sale price when utilizing my marketing efforts, discuss the process of selling the home, and how much money you can walk away with if you do in-fact sell.
Care to book at appointment? I make it easy! Take a look at my calendar, pick a day, pick a time, and BOOM! We have an appointment! Do so here: https://www.calendly.com/BookRobert
