Sellers: Costs for a Charles River Park condo.
Besides your agent’s compensation, there a few things you’ll be paying for in your closing costs when you sell your Boston Charles River Park condo.
Typically, here’s what will be included for Charles River park condo sale:
- Settlement fee—about $600
- Disbursement/wiring fee—about $50
- Deed preparation and lien release fees—around $250
There will also be various taxes you’ll likely need to pay. If you have a loan, you’ll need to pay it off as well.
When you go to close, you’ll typically end up paying around 0.75% of the entire transaction in closing costs. However, if you’re in the price range of $350,000 to $700,000, the buyer will most likely ask you to help pay for their closing costs. Sellers understandably dislike this, but be prepared. There are also some caveats to this—for example, if the buyer has an FHA loan, you could pay up to 3% of their closing costs. If it’s a VA loan, you could pay it entirely.
You’ll typically end up paying around 0.75% of the entire transaction in closing costs.
Because things are so situational, the best way to get a good idea of what you’ll be paying in closing costs is to reach out to us. We’d be more than happy to go over your home selling situation and answer any questions you may have. We look forward to hearing from you soon.