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What Finances Are There to Consider When Selling Your House?

  • Selling a home involves numerous costs, including real estate agent's commission, repairs and updates, closing costs, paying off mortgage balance, capital gains tax, and moving expenses.
  • The real estate agent's commission typically ranges between 5% to 6% of the sale price.
  • Repairs, updates, and staging to improve the home's appeal may be necessary and come with costs.
  • Closing costs for the seller can amount to 1% to 3% of the sale price.

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