#1 Michigan Flat Fee MLS &
Realtor.com Direct Listing Service

List Direct. Better Pricing,
Better Service,
Better Results, Period
Phone: 888-909-LIST(5478)
Call/Text: 734-649-4903
Fax: 866-520-4942
490 Hunters Crest, Saline, MI 48176
Licensed in Michigan #6505330456
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Many sellers are unaware of "Typical" closing costs so I've started a page here for you.  There is a great "Sellers Net Sheet" from Liberty Title, click here for it.

While most things are negotiable, the seller typically has:

  • Pays tranfer tax on deed - $8.60 / $1,000 of sales price. Example, $100,000 home = $860 in "State Transfer Tax".
  • Title insurance. As a seller you need to provide Title insurance to the buyer. Click here for estimated title fees.
  • Realtor commission. Remember, with our program we save you about half but if there is an agent you need to pay that agent the agreed upon commission, usually 3%.

NOTE: Parts of Michigan pay taxes in advance. So, at closing your unsed portion of pre paid taxes are returned to you as a credit. Parts pay in "Arrears" so those are unpaid taxes you would owe as a "Debit" at closing. This statement has a "Credit" so you get money back at closing. CLICK HERE FOR THE SAMPLE CLOSING STATEMENT.

I hope this helps but if you ahve questions on closing costs send me an email 

Thank you,

Jeff Kermath
broker / owner

 

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