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Real Estate
Reply to "Does it really cost $60k to sell a house?"
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[quote=Anonymous][quote=Anonymous]I've been advised in the past to estimate 10% of the sale price in transaction costs -- a combination of realtor fees, closing fees, any prep to get the house ready to sell, and moving costs. The last 2 moves I had ended up around 8%, so I came out slightly ahead of my planned reserves. [/quote] I think that's a good estimate up to around the $1M mark. When you have a $5M house on the market, it won't cost $500k to sell it unless you haven't done work on it over the years and need a renovation to sell. [/quote]
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