What are the closing costs associated with selling a house?
As the seller, the closing costs are essentially minimal. You are responsible for the property tax on your home through the date of closing, termite letter, overnight or transfer fees (for loan payoffs) and whatever else you may have arranged to have paid out at closing such as repairs etc. You are also responsible for the transfer tax which is .10 per $100 increment on the sales price so for a $250,000 home, you would divide $250,000 by 100 and then multiply it by .10 for $250 in transfer tax.
