When selling a property, there are several expenses that a homeowner should consider. The largest cost involved in selling a home is often paying the real estate agents' commissions, which can be between 5% and 6% of the sale price. In addition to agent commissions, there are also seller fees, which are typically around 2% to 4% of the sale price. These fees can include title insurance, escrow fees, and other closing costs. Other expenses that sellers may need to consider include capital gains tax if they earn more than a certain amount on the sale of their home, home warranty costs, and any necessary repairs or renovations to make the property more attractive to potential buyers. It's important for sellers to budget for these expenses and factor them into their overall profit from the sale of their property.
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