If you’re keeping a close watch over monitoring the value of your home so you can sell it and reap a profit, don’t forget to factor in the closing costs for sellers into the sale price. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that before you start counting your money and debating the size of the down payment for your next home, you need to first calculate the closing costs for the seller. Closing costs for sellers of real estate can vary, but as the seller you can expect to pay approximately 6% of the home’s sales price in closing costs at settlement. This will be deducted from the profit on your home—unless you are selling with very low equity on your mortgage. In this case, sellers may need to bring a little cash to the table to satisfy your lender—and some closing costs may be held in escrow. Check out below to see what sold in Brooklane Ridge in September 2019:
16984 Brooklane Blvd., Northville: 4 bedrooms, 3.1 bathrooms, 2,719 sq. feet, 3 car garage, Sold Price: $495,000
Brooklane Ridge Home Sold
September 2019
16691 Highland Lane, Northville: 4 bedrooms, 3.1 bathrooms, 2,922 sq. feet, 3 car garage, Sold Price: $512,000
Brooklane Ridge Home Sold
September 2019
16996 Highland Lane, Northville: 4 bedrooms, 2.1 bathrooms, 3,372 sq. feet, 3 car garage, Sold Price: $550,000
Brooklane Ridge Home Sold
September 2019
Its important not to forget that you need to estimate some of the closing costs associated with preparing to sell, such as cosmetic repairs or improvements, that you might need to make your home to make it more attractive to buyers. Those closing costs may be returned with a higher sales price, but you should still include them in your calculations. For more information on Brooklane Ridge, or similar Northville or Novi neighborhoods such as Timber Ridge, Willowbrook Farms and Cascades of Northville, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.