I have been investing in real estate for the past year and am looking to sell a property that I renovated. I was hoping to get thoughts from people who have experience selling a property, how much does it cost and what is your true take home return on selling price?
To make things easy we can use an example of selling a 100K house. Im just curious what fees are taken and what I get to take home at the end of the day.
It depends on a variety of factors if you sell with a realtor that will be about 6% gone if you have prepayment penalties on a loan that is something to consider if a buyer asks you to pay for closing costs that could be another several thousand dollars. Title insurance and escrow will probably be around $1,500. Also the county will generally have a small recording fee that sellers usually pay