“How much should I expect to pay in closing costs when selling my home?”
Answer
Depending on how much your San Diego home sells for, a rough rule of thumb for seller’s closing costs is .5% to 1%. The .5% is more for multi-million dollar homes. For simplicity, use 1%.
Note that this does not include:
– Your last mortgage payment
– Prorated property taxes
– Repairs
– Buyer’s closing costs, if the buyer asks you to pay them. That’s usually an added 1-3%, and in rare cases up to 6%.
– Any prepayment penalty (rare)
