How Much does it cost to sell my Woodbridge VA Home
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Closing Costs when you Sell a Home in Woodbridge VA
Are you thinking about selling your Woodbridge VA area Home? Curious to find out what it will cost you to actually sell your home? Trying to find out if you have enough equity to sell your home in the current Real Estate Market?
Settlement Fees
In the Woodbridge area Settlement fees range anywhere from $200 to $500 depending on settlement company used. In Virginia the buyer can choose the settlement company. The seller can use the same company or do a split settlement, meaning the seller can use their own settlement company. In some instances, the seller will offer certain incentives if the buyer uses their settlement company.
Release of Lien(s)
If you have a mortgage that means you will need to release the lien or liens, if you have a first and second mortgage or even a home equity line that you have made draws from. If you own the home free and clear you do not have to worry about this fee. The average release fee is $41.-
Grantors Tax
Unfortunately, there is no way to getting around taxes. The grantors taxes are relatively inexpensive. $1.00 per $1000.- of sales price.
Congestion Relief Fee
This is a relatively new fee and anyone selling in Northern Virgina has to pay this fee. The fee is going to help pay for traffic projects in Northern Virginia.
Pest Inspection
With some loan programs, the seller is required to pay for the pest inspection. With all contracts if there are termites found the seller is required to paying for the actual termite treatment. The termite inspection normally cost anywhere from $ 35.- to $ 55.- A termite treatment ranges from $200.- to $600.- depending on the treatment required.
Home Warranty
If the seller has agreed to pay for a home warranty the cost of home warranty will be depending on what has been specified in the sales contract. Most home warranties will range anywhere from $450.- to $700.-
HOA and or Condo Documents
If your home is located in an HOA and or Condo Association the seller is responsible to providing the buyers with updated HOA and Condo Documents. The cost for these documents normally ranges anywhere from $150.- to 250.- per association.
Repairs
If you are selling your home with a home inspection contingency there might be certain repair cost you have to pay. You can pay it upfront or at closing if the contractor will allow you to pay it with proceeds from closing.
Commission
In the Woodbridge VA area sales commission vary depending on experience, locations and company. The Realtor® Fee includes the marketing of your home. I have an extensive marketing plan and an even more extensive online marketing plan. When listing with a Real Estate Agent your home will get featured on all of the most popular Real Estate Websites and some agents will go a step further. In Virgina typically the seller pays both of the commission the one to the selling agent and the commission to the buyer’s agent if there is one involved. The total commission generally is around 6 %. Commission depending on agent and company and don’t’ forget commissions are always negotiable. Having said that, you should never choose an agent based on the commission. Work with an agent that has a proven track record and can generate lots of buyers, which in turn bring you multiple offers.
Closing Cost Assistance
Depending on the negotiation and the market sellers can agree to pay some or all of the buyers closing cost. It is very important that you are working with an agent that knows the local market and can guide you in this process.
Closing Cost Assistance
Depending on the negotiation and the market sellers can agree to pay some or all of the buyers closing cost. It is very important that you are working with an agent that knows the local market and can guide you in this process.
A good rule of thumb is always closing cost can range anywhere from 6 % to 10 % of the sales price. The average sales price in Woodbridge VA is (for November 2016) around $330,000 to $340,000.-. Making it an easy calculation what you might be paying as closing cost. But more then looking at the cost you should be looking at how much money you can make by selling your home.
Are you thinking about selling your Woodbridge VA area Home? Curious to find out what it will cost you to actually sell your home? Trying to find out if you have enough equity to sell your home in the current Real Estate Market?
You might also be interested in finding out what your home is worth in today’s Real Estate Market. I can help you with that as well.
If you are curious to see how much money you can make if you sell your home just follow the below link and fill out the form so that I can send you a detailed report.
When it comes to Real Estate I know what I am talking about. I have been a local Woodbrige VA Real Estate Agent for quite some time and I love helping my clients. Whether they are selling or buying a home in or around Woodbridge VA. If you are in the market to sell or buy please call me today at:
571-446-0002
Claudia S. Nelson
