CHAPTER 3 What are the Costs of FSBO? e the Costs of FSBO?
When engaged in a transaction, it can be challenging to understand all of the costs. You will have expenses if an agent is involved or you are selling the property alone. This chapter will help break down the costs involved so you can easily understand the fees associated with selling your house—while putting more money in your pocket with these proven strategies.
BREAKING DOWN THE B WN THE BOTTOM LINE
This section lists the most common costs you may incur while selling your property. Some items may not be relevant to your specific situation, but if they are, you may find it helpful to write in the amount for each section.
Back Payments and Taxes = $________________ s = $________________
When you go to sell your house, if you have missed any payments, or if your home is in foreclosure, there may be back payments that you will be required to catch up on. There may also be other liens on your house, including Home Owners Association (HOA) fees, taxes, or other payments. One important thing to remember is that there may be penalties tied to these back payments, liens, or taxes. These extra costs are essential to factor in from the start because you cannot sell your house until they are paid.
Loan Pre-Payment Penalties = $________________ s = $________________
Some loans, usually non-government loans, have a pre-payment 20
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