WHAT FEES WILL YOU PAY AT YOUR CLOSING?
What Fees Will You Pay When Selling Your Home?
Many homeowners are surprised to learn that selling a home involves more than just paying real estate commissions. A seller's net proceeds can be affected by mortgage payoff, title fees, property taxes, HOA fees, repairs, seller concessions, and other closing costs.
Our House Sale Calculator helps estimate these expenses so you can better understand how much cash you may receive at closing.
How Much Does It Cost to Sell a House in Texas?
Most Texas homeowners should expect total selling costs to range between 7.5% and 9% of the home's sales price, depending on commissions, title fees, repairs, concessions, and other transaction expenses.
For example:
- $300,000 home = approximately $22,500 to $27,000 in selling costs
- $400,000 home = approximately $30,000 to $36,000 in selling costs
- $500,000 home = approximately $37,500 to $45,000 in selling costs
Actual costs will vary based on your specific transaction.
Common Seller Closing Costs
Real Estate Commissions
One of the largest costs associated with selling a home. Compensation is negotiable and varies by transaction.
Mortgage Payoff
Any existing mortgage balance must generally be paid off at closing.
Title Company Fees
Title companies handle closing, title research, document preparation, and title insurance requirements.
Property Taxes
Texas property taxes are typically prorated between the buyer and seller based on the closing date.
HOA Fees and Resale Certificates
If your property is subject to a homeowners association, additional fees may apply.
Repair Costs and Seller Concessions
Some sellers choose to provide repair allowances or closing cost assistance to buyers as part of negotiations.
Selling and Buying Another Home?
Many homeowners use the equity from their current home as the down payment on their next home.
Before listing your property, consider getting pre-approved so you understand:
- How much home you can afford
- Estimated monthly payments
- Available loan programs
- Down payment requirements
If you're planning to buy another home after selling, contact Scotty Gifford to discuss your financing options.
Need a Detailed Seller Net Sheet?
Our calculator provides an estimate, but every transaction is unique.
Request a personalized Seller Net Sheet for a more detailed breakdown of:
- Estimated mortgage payoff
- Real estate commissions
- Title fees
- Property tax prorations
- HOA fees
- Estimated cash proceeds at closing