SELL A HOME » SELLER NET SHEET

What will it cost you to sell your house?

Standard costs associated with selling real property in Connecticut include:

• Pay off existing mortgage
• Commission that you and your agent negotiated, e.g., 5%, 6%, 7%
• State of Connecticut Tax - 1/2 of 1% of the sales price
• Town Conveyance Tax - $1.10 per $1,000 of the sales price
• Attorney's fee for representing you.

At the closing or soon thereafter, your attorney will give you a folder of closing documents. Included in these will be a RESPA* form which itemizes all costs and credits to you. This form is what you or your accountant will need for your income taxes.

*Real Estate Settlement Procedures Act