LiveMARYLAND Seller Tip: How Much Will it Cost to Sell My Home?

One of the most frequently asked questions we get is: how much will it cost to sell my home?

On average, selling your Maryland home will cost you somewhere between 7-10% of your home’s sale price. Here are the main fees broken down:

COMMISSION

The commission the Sellers pay to the listing brokerage is divided between the listing and buyer’s agent.?

TRANSFER TAX

This is a tax levied on the transfer of ownership or title on a property, and canvaries depending on your county.

DOCUMENT PREP/ATTORNEY FEES

These costs are typically minimal. This is the price to manage the closing of the transaction, which includes the signing and recording of the closing documents and the deed.

OTHER FEES

Other fees and costs associated with the sale of your home might include transfer fees for your solar panels, the cost of ordering your HOA or Condo Association documents, and the Maryland Non-Resident Seller Tax if you are not a Maryland resident.

What's most important is knowing how much you will net from the sale of your home - we understand that you need good information in order to feel confident about making your decision to sell your home.

We always prepare a Seller's Net Sheet, which is a document that estimates how much cash you will receive once you subtract the expenses associated with selling your home, as well as your mortgage payoff amount and any other fees associated with the sale.

Wondering how much you could walk away with if you sold your home right now? Let's chat — we'd be happy to give you a Net Sheet estimate based on your home's current market value!

The McIntyre Team of Keller Williams Integrity

Direct: (443) 870-4268 | (443) 574-1600