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Learn how much it costs to sell a house — and avoid sticker shock at the closing. ... How do you calculate the proceeds from selling a house? ... In California, where the rate is just $1.10 for ...
The seller’s costs to sell that home include a mortgage payoff balance of $300,000, real estate agent fees of $15,000, attorney fees of $1,000 and other sales taxes and closing costs of $4,000.
The biggest expense involved in selling a home is often the commission owed to your real estate agent. This cost typically runs between 2.5 and 3 percent of the home’s sale: On a $400,000 home ...
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Shutterstock By Leonard Baron Many consumers believe that real estate transaction costs are simply the 5 percent to 6 percent of the sales price that the real estate agent earns as commission.
At 7.25%, California has the highest minimum statewide sales tax rate in the United States, [8] which can total up to 10.75% with local sales taxes included. [9]Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board.
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