Highlands NC Real Estate, Sellers Have Closing Costs Too
Sellers have closing costs too when it comes to Highlands NC real estate. Understanding the costs involved with real estate transactions can help avoid surprises at the closing table. Furthermore, most people expect costs to be associated with buyers. However, sellers have a variety of costs as well. A Highlands NC REALTOR will be a valuable resource, helping buyers and sellers understand the closing and settlement documents ahead of time.
What are closing costs?
First of all, there are closing costs associated with every real estate transaction. There are financing costs, commissions, and more. Every contract to purchase a Highlands NC home for sale will have costs and many are related specifically to the buyer or the seller. Additionally, many costs are negotiable. For example, the inspection cost can fall on the seller, the buyer, or shared between the two. This can also apply to the appraisal. Another negotiated cost can be for repairs that result from an inspection.
Keep track of costs
Each real estate contract is different. This is a result of the negotiation that took place to get to the closing table. Understanding which expenses are tied to the seller and which are tied to the buyer is necessary. Prior to closing buyers and sellers will receive a settlement sheet that will list our various expenses and responsibilities. Go over these with your REALTOR so that you know what to expect.
Learn more about Highlands NC real estate
Contact me, Lynn Kimball, today to learn more about selling Highlands NC homes. I welcome the opportunity to update you on market conditions while sharing a complimentary listing presentation at the same time. Let my knowledge and experience serve as your guide to selling Highlands NC real estate.
Click here to read “Sellers Have Closing Costs Also” from Realty Times.