The most significant cost that home sellers are responsible for is agent commission fees.
Commission rates are usually around 5-6% of the final sale price, split between the buyer's and seller's agents.
Therefore, on a $300,000 home, commission fees could total $18,000.
Although sometimes these fees are split, it's pretty common for the seller to cover these costs.
These taxes are usually represented as a percentage of the final sale price and vary by state and location.
There are two types of title insurance — lender’s (which protects the lender) and owner’s (which protects the owner).
The question of who pays the owner’s title insurance depends on the state where the property is located.