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What are some common closing costs associated with selling a house

Real estate agent commission: This is usually the biggest closing cost for sellers, ranging from 5% to 6% of the sale price. The commission is typically split between the listing agent and the buyer's agent.

Transfer taxes: These taxes vary by geographic location and are typically a percentage of the sale price.

Recording fees: These fees typically range from $50 to $100 and cover the cost of recording the sale with the county.

Owner's title insurance: This insurance protects the buyer from any potential title issues and typically costs between 0.1% to 0.5% of the sale price.

Seller's title insurance: This insurance protects the seller from any potential title issues and typically costs between 0.1% to 0.5% of the sale price.

Closing fee: This fee typically ranges from $500 to $1,000 and covers the cost of closing the sale.

Escrow fees: These fees typically range from $500 to $1,000 and cover the cost of the escrow service.

Appraisal fee: This fee typically ranges from $300 to $1,000 and covers the cost of the appraisal.

Home inspection fee: This fee typically ranges from $300 to $1,000 and covers the cost of the home inspection.

Credit report fee: This fee typically ranges from $30 to $100 and covers the cost of the credit report for the buyer.

It's important to note that these costs can vary depending on the location, type of property, and other factors. It's always a good idea to check with your real estate agent or attorney for a more accurate estimate of closing costs in your area.

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