Raylene Lewis

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Closing Costs: The Price You Pay to Sell Your Home


Closing Costs: The Price You Pay to Sell Your Bryan College Station Home

The actual cost a Bryan College Station Home Seller is going to end up paying to sell their home can be really confusing if it is not clearly explained.  On the last listing appointment I went to, I was surprised when the Sellers said: "We've decided to list with you, but we'd like you to explain why your closing costs are so much higher than what the other Realtor quoted us." 

This was very surprising because, for the most part, closing costs are fixed costs.  I believe it is best to estimate a Seller's closing costs on the high end, because it is better for the seller be happy that their total costs are less is just under what I predicted, than have them be upset that their costs are more than what they expected.  The more information you give to your client, the better able they will be to make the decision that is right for them.

So, as a Seller, what are your closing costs? I have 2 ways for you to estimate what your total costs will be. The easiest way to get a good estimate is to take your sales price (remember sales price, and not list price) multiply it by 7% round up if you are close, down if your not, and add between 1,500 & 2,000 dollars.  Why 7%? Because the Seller's title policy amount, (which is regulated by the State of Texas,) is close t 1% of the sales price. The extra $1,500 - $2,000 covers small misc. repairs the Buyer might ask for, plus a home warranty and title company fees. 

The second way to estimate your closing costs is to itemize everything out. Below are still approximates but more detailed.

  • Realtor Fee:  6-7% of the sales price
  • Title Co. Fee: approximately 1% of the sales price
  • Title Co. Escrow Fee: $100.00
  • Home Warranty: $450.00
  • Title Co. Documentation Preperation: $300.00
  • HOA Transfer Fee: $50.00
  • Per Diam Interest from Jan 1st to Close: 2.67% of the sales price divided by # of days at the property
  • Title Co. Recording Fee: $100.00
  • Title Co. Courrier Fee: $50.00
  • Misc. Buyer's Repairs: $500.00
  • Tax Certificate: $10.00
  • Guarantee to the State of Texas $5.00
  • Loan Payoff $ UNKNOWN

When you get your total amount of closing costs, including your loan payoff, subtract the total amount of cost from the sales price to determine what amount you will walk away with. This should give you a good estimate of what it will cost to sell your home.


  •  Once you get an acceptable offer, you need to add the expense of Buyer's Closing costs (Not to exceed 3% of the sale price or it won't be approved most lenders) if you have agreed to pay the Buyer's Closing Costs your contract.
  • If you sell your home, and it closes and funds before the 15th of the month, you will should not have to pay that month's full payment.
  • You will have to pay taxes when you close on a property, even when the money is held in escrow with your lender.  After closing, your lender should mail you a check containing the full amount of money in your Escrow Account.

Happy Sales!

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