When you are trying to decide with your agent the selling price of your property you are about to list for sale, you need to have an estimate of the net proceeds. You really should be given 3 estimates; Best case, worse case and probable. When you have an accepted offer, your agent should give you another estimate of proceeds based on the contract price. There should not be any surprises to you when you do close and you receive your final closing statement. The bottom line is a real estate transaction is all about money. A seller needs to keep up to date on the net proceeds. If you are a buyer, your agent needs to be giving you an estimation of costs on any property you are about to make an offer on. So before you sign a offer, look carefully at the estimation of buyer costs. Just like real estate commissions, real estate closing costs are negotiable. Lender, Title and Escrow costs are all negotiable and should be looked at very carefully. Below are examples of net proceeds to a seller and estimated costs for a buyer. They are based on a selling price of $739,000.
Seller Proceeds Best Case
Seller Proceeds Worse Case
Seller Proceeds Probable
Buyer Estimated Costs
Tags: San Diego Real Estate, San Diego closing costs
Closing Costs San Diego | Real Estate closing cost San Diego
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