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Thursday, May 7, 2009 @ 2:46:00 PM - Written by Ryan Vaught, www.frontdoor.com
May 7, 2009

Check out this comprehensive list  I found from www.frontdoor.com to get a better idea on how much it will really cost you to sell your house.

When selling your home, it pays to look at the complete financial picture so you are ready to deal. Make a list of the costs of selling your house including:

  • Realtor Commission
    There's a 4 percent to 7 percent commission on the sale price of the house if you opt to go with an agent. Usually this rate is between 5 percent and 6 percent, but it can go as high as 10 percent on vacant land deals. It's a considerable amount of money. If you sell your house for $300,000, the standard 6 percent cut for the agent will be $18,000.
  • Closing Costs
    These can add up to 2 percent to 5 percent of the purchase price and include title transfer, any county transfer taxes, escrow charges and other miscellaneous fees. Read more here.
  • Property Taxes
    If you didn't pay all of your property taxes before you sell a house, a prorated tax amount will be included in closing costs. Note: If you pay out of an impound tax (that's an amount tacked on to your monthly mortgage), this does not apply, since your taxes will be paid up-to-date.
  • Pest Inspection
    Don't worry, this doesn't include a judgment of your nosy neighbor. Just termites.
  • Repairs on the House
    Although the buyer pays for the home inspection, it's a good idea to get your own inspection before putting your house on the market. This way you're aware of any hidden problems before selling.

After you detail the costs of selling, you might be wondering how anyone makes any money. Well, one of the biggest perks of any house sale is the lack of capital gains tax (assuming you have lived in the residence for two of the last five years). The government allows for a write-off of up to $250,000 gained in the sale of your home for a single owner, and $500,000 for married couples. This applies for most state taxes as well; check with your accountant to be sure.

Take a look at my market report for today!
http://www.ryanvaught.com/chicomarketreport

Currently Ryan has about 30+ listings in inventory, and has already sold 14 homes in 2009. Please don't hesitate to contact me with any questions about Chico area real estate.

Interested in learning more about the Chico area or Ryan?
Vaught Properties: Chico Income Property
Chico Condos: Chico Condo Sales
Ryan Vaught: Ryan's Residential website
Chico Luxury Homes
Chico Investment Property

Ryan Vaught Real Estate
Keller Williams Chico CA
Office Phone: (530) 343-2959

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Keller Williams Listings Chico Here your will find all of Keller William Chico's listings for sale, updated daily.
Don't forget, we have keys to all the homes on this website. Call or email for an appointment

Keller Williams Listings:

MLS Properties

2925 GODMAN AVE, Chico, CA $2,200,000.00
  Lots and Land 4.3 Acres  
  This is 4.3 acres of development ground, not just 24 units. Build 26 new units while you collect rent on existing units. Seller may also carry financing. 26 new units will ...

More information on 2925 godman ave
2925 GODMAN AVE, Chico, CA $2,200,000.00
  Residential Income Built in 1964   4.3 Acres  18359 Sq. Ft.
  This is 4.3 acres of development ground, not just 24 units. Build 26 new units while you collect rent on the existing units. Seller may also carry financing. 26 new units wi...

More information on 2925 godman ave
1205 N CEDAR ST, Chico, CA $1,125,000.00
  Residential Income Built in 1974   12490 Sq. Ft.
  High demand for these well located 1 and 2 bedroom units. Little exterior maintenance, all units + laundry in 1 stucco building. Plenty of parking in front and behind. Appears...

More information on 1205 N Cedar St
860 WHISPERING WINDS LN, Chico, CA $1,099,000.00
  Residential 4 Bedroom 3 Bath Built in 2002   0.73 Acres  3637 Sq. Ft.
  UNBELIEVABLE VIEW! Outstanding custom construction with all the bells. Very open floor plan with formal D.R & L.R + enormous family. Vaulted ceilings, crown molding throughout...

More information on 860 whispering winds ln
60 LAZY S LN, Chico, CA $950,000.00
  Residential 6 Bedroom 4 Bath Built in 2000   1.46 Acres  4867 Sq. Ft.
  A remarkable house in a remarkable neighborhood. This property backs up to Little Chico Creek, which in this location, flows most of the year. The neighborhood has mostly es...

More information on 60 lazy s ln
4102 WOOKEY RD, Chico, CA $799,950.00
  Residential 5 Bedroom 3 Bath Built in 2004   40 Acres  3707 Sq. Ft.
  Escape to this private country estate where youâ€TMll bask in the 360 degree views from sunrise to gorgeous sunset. Hickory Cabinets throughout the home and cherry wood floors ...

More information on 4102 wookey rd
22 HAWK PLACE, Chico, CA $609,990.00
  Residential 4 Bedroom 3 Bath Built in 2006   1 Acres  2800 Sq. Ft.
  Exquisite newer home with so many upgrades and attention to detail you will be amazed. Situated on 1 acre this home features gourmet kitchen, formal living and dining rooms, f...

More information on 22 hawk place
838 PEARMAN CT, Chico, CA $595,000.00
  Residential 4 Bedroom 2.5 Bath Built in 1990   0.24 Acres  3115 Sq. Ft.
  An absolutely beautiful and well kept home. This is a must see! It has separate living & dining rooms with bedrooms upstairs. A scenic backyard along with the pool provides ...

More information on 838 pearman ct
973 E LASSEN AVE, Chico, CA $520,000.00
  Residential Income Built in 2008   0.21 Acres  3500 Sq. Ft.
  7 Brand new triplexes with all new appliances, linoleum & carpet. Tile in bathrooms. Carpets on the stairs and bedrooms. 2 tone paint. Washer/dryer, refrigerator included. ...

More information on 973 E Lassen Ave
2725 ESPLANADE, Chico, CA $495,995.00
  Commercial Built in 1990   0.31 Acres  3659 Sq. Ft.
  Reduced $50,000!!Great Esplanade location! Building is leased to 6 different tenants and owner has 170 square foot office. All but one tenant has been there for 3 plus years...

More information on 2725 esplanade
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