As a seller, the fees associated with selling your home are higher than the fees you paid when buying your home (down payment if applicable, closing costs, inspection and appraisal fees). A good rule of thumb is to be ready to spend 9% – 10% of the sale price on selling costs. 

Here's a list of items you can expect to pay out of the proceeds from your home sale:

Outstanding Mortgage Balance

Pro-Rated Taxes – if you’ve paid these in advance, you can expect a credit

Closing Costs – includes title fees, escrow fees, reports specified in the contract

Real Estate Agent Commissions


Planning to rent your home out isn’t as simple as calculating the difference between your monthly mortgage payment, Property Management fees and rental income. Rental property expenses, known as “operating expenses” encompass all the fixed and variable costs landlords can encounter. To best estimate these, it helps to make a list of everything you must plan for. 

Here’s a list of the most common rental property expenses: 

• Monthly Mortgage

• HOA Fees

• Homeowners Insurance - if this is paid separate from your mortgage

• Property Taxes - if these are paid separate from your mortgage

• Trash Collection Services

• Utilities (electric, water, sewer, gas) – if you would cover these vs. passing them on to the tenant

• Licensing and Inspections

• Periodic Vacancy

• Maintenance

• Emergency Repairs

• Capital Expenditures

• Marketing Costs

• Tenant Screening

• Property Management Fees

• Accounting and Legal Fees