You hear more talk about buyer's closing costs and not seller's closing costs in Sacramento. Most likely because the difference between the two is pretty basic. The buyer generally takes money out of her savings account to close escrow. She needs to deposit usable funds into escrow.
On the other hand, the seller's closing costs come out of the sales price, for all practical purposes. Not out of pocket. So some people think, well, they don't really pay but they do. It's also the reason buyers often ask sellers to make repairs or give them money because they feel the financial positions are unbalanced. That sellers have more money than the buyers, in many instances. But that's beside the point.
You can read more in my personal blog today at this link: What Does it Cost Sellers to Close Escrow in Sacramento?
Certified HAFA Specialist
Sacramento Real Estate Listings
Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.
The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.
Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.