To help, we analyzed insights from banks, mortgage lenders, and real estate experts to determine common costs that can be expected when selling a home.
The home inspection is one of the more common selling costs for homeowners and while the price of this inspection varies, it costs about $400 on average.
If a home is sold for a profit after one year but within less than two years of owning it, the seller may be required to pay long-term capital gains instead, which range from 15% to 20%.
Sellers will likely be required to pay at least the prorated property taxes owed from the start of the year until the day of closing—if not the property taxes for the full year.