What are real estate closing costs?

What are real estate closing costs?

Closing costs vary depending on what type of property being sold. I can prepare a net sheet for my Palmdale, Lancaster clients to show them a net from the sale of your real estate. Generally speaking, it is your gross sale price, subtract the standard six percent marketing fee which is divided among real estate agents an associated brokers. In addition, subtract costs for title reports, any fees associated with the sale or paying off your existing mortgage on your property if it exists.

Palmdale, CA and Lancaster, CA happen to be on and near the San Andreas Fault Line.  As a result, additional reports and maps must be given to the buyer of the property. Flood map reports and the list goes on, but don’t let the closing costs overwhelm you.