Selling- The Cost Of Selling

We are frequently asked this question by many sellers in the Twin Cities. If you are from another area, your numbers may be different because real estate is local, and the cost to sell a home is also very local.

To keep things simple, we'll use an estimated commission of 7% to sell a home. After the commission, you also have the closing fee ($325-400), conservation fee ($5), state deed tax (0.0034 of sales price, or $340 per 100,000), recording and service fees ($100), RE/MAX Results broker commission ($499), and an adjustment for county taxes.

If you want a very quick and easy way to calculate your bottom-line net, here is a quick estimate. Take a total of 1% plus commission being paid off your gross sales price. It is broken down like this: 7% commission, 1% seller's closing costs for a total of 8%.

An example is this: $400,000 sales price LESS 7% LESS 1% = $368,000.

Contact   Info

Drop us a message. Ask us a question. Contact us.


7700 France Ave S #230
Edina, MN 55435
(952) 915-2252 (direct office)
(952) 884-8404 (office front desk)

Steven Hong, REALTOR
Team lead
Old Home Certified
(612) 990-9009

Each office independently owned and operated.  All information is deemed reliable but not guaranteed, and should be independently reviewed and verified. Equal opportunity housing. 

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