Tom Ramsay Real Estate

For Sellers

If you want to sell property, you time line will look like this.  If you decide that you want us to represent you we will start to look for buyers.  Once one makes an offer, we let you know.  You then will accept the offer or counter offer.  For example, “I will give you 100 bucks for that,” and you answer, “110.” Then they accept your offer or not.  Once that is done, the contract will be signed.  A closing date will be agreed on.  On the closing day you will have to pay a title company to inspect the title of the property and then you will be charged a fee for insurance on the title, usually below 2 percentage of the selling price.  Then on closing day the money will be transferred to you minus closing costs and the cost of our representation, 6%.    Oh and by the way you will have to sign lots of paperwork.

Here is a list of closing costs for the seller:

Owners title policy- about 1% of selling price

Tax Certificates- $10 each

Escrow Fee-$175

Recording Fees-$24 only if the lien has to be paid off by selling amount

Preparation of Warranty Deed by Attorney-$150

TDI Guarantee Fee-$5

Overnight Fee-$15 if you are out of area on closing day

Tom Ramsay Real Estate