What are the costs that I should expect when selling my house?

Selling may require significant expenditures. Careful planning prevents unpleasant surprises at the closing table. During your first meeting with your real estate agent you should receive a spreadsheet showing your estimated proceeds -- or net "walk-away" cash.

Below is a list of some of the costs you are likely to incur when selling your current home and buying a new a new home:

• Mortgage balance - Home loan payoff amount

   

• Mortgage payoff penalty, if applicable

   

• Settlement fees

   

• Broker's commission -- Real Estate commission

   

• Buyer's closing costs -- down payment assistance

   

• Fix-up and home repair costs

   

• Home buying costs, including down payment for your new home

   

• Moving costs

   

• Furniture and decoration of your new home

   

Mariluce Morais Lima Rocha DaSilva
Atlanta Georgia Real Estate Agent