If you’re monitoring your home value and maintaining an eye on the remaining balance of your mortgage so you can sell and reap a worthwhile profit, don’t forget to factor in closing costs on your home sale. But before you start counting your dollars and debating the size of the down payment for your next home, you need to calculate your closing costs. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that closing costs vary according to where you live, but as the seller you can expect to pay approximately 6 percent of the home’s sales price at settlement. This won’t be cash out of your pocket, rather it will be deducted from the profit on your home – unless you are selling with very low equity. In which case, you may need to bring a little cash to the table. Check out below to see what sold in Crosswinds West in June 2015:
40006 Crosswinds, Novi: 2 bedrooms, 1.1 bathrooms, 1,540 total sq. feet, 1 car garage, Sold Price: $123,500
Crosswinds West Home Sold
June 2015
40041 Crosswinds, Novi: 2 bedrooms, 1.1 bathrooms, 1,400 total sq. feet, 1 car garage, Sold Price: $135,000
Crosswinds West Home Sold
June 2015
Also, don’t forget to estimate some of the costs associated with preparing to sell, such as cosmetic repairs or improvements to make your home more attractive to buyers. For more information on Crosswinds West, or similar Northville or Novi neighborhoods such as Lakewoode Parkhomes, Highland Lakes and Old Orchard, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.