What are the closing costs I need to pay as a seller?
An example of an AI chatbot conversation about closing costs for home sellers.
What are the closing costs I need to pay as a seller?
As a seller, you typically pay costs like agent commissions, title insurance, and transfer taxes. Would you like details on each?
Yes, please explain the agent commissions.
Agent commissions usually range from 5% to 6% of the sale price, split between the buyer's and seller's agents.
What about title insurance? Is that mandatory?
Title insurance protects against any claims on the property. It's not mandatory, but it's highly recommended.
Are there any other costs I should be aware of?
Yes, you might also encounter costs like repairs, home warranties, and closing fees. Would you like to know more about any specific cost?
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