If you're trying to make money when selling your home, don't forget to factor in thousands of dollars of closing fees.
“The title policy is a state-regulated fee. And, then the closing fees are all pretty standard. So, all your other charges aren’t going to be flexible because they’re going to be the fees the lender charges to close out the loan,” said Mahlstedt.
He said six percent is the standard commission with three percent each going to buyer's agent and seller's broker. Also, about a percent is the title policy, miscellaneous fees; and whatever it takes to close out your loan.
“In Houston, our average sales price for Harris County is around $250,000, which would put you closer to $15,000in closing cost,” said Mahlstedt.
He added many people spend extra money fixing up their homes to sell, as well.