Now to the closing table…you did it!

Once all of the steps in the Under Contract period have been met, it is time to cross the T’s, dot the I’s, and sign over the property to its new owner!

Don’t forget the wiring instructions for the bank you wish your proceeds to be deposited, all keys to the property, and garage door openers. You will receive any proceed earned from the sale once your mortgage balance & closing costs have been paid off.

As a seller, you may be responsible to certain estimated expenses associated with the sale of your home, which are outlined below. We can help discuss any of these items in more detail.

broker’s commission
% of the sales price

madison client transaction fee
$295 per transaction

Title Insurance (approximate)
Sliding Scale based on sales price
$150,000 - $1,125
$500,000 - $1,775
$750,000 - $2,200
$1,000,000 - $2,650

Improvement Location Certificate (ILC)
$250 - $400 (if requested per contract)

Water Escrow
$250 - $1,000 with balance refunded to seller

PRORATED REAL ESTATE TAXES
For expenses incurred, but not paid, up to the date of closing

Recording Fees
$10 - $100

Homeowners Association Fees
Per the contract and as assessed by the HOA

HOA document retrieval
$100 - $175

Release Tracking Fee
$25 per release

Title Closing Fee
$150 - $350