How Much Do Triangle NC Sellers Net at Closing?
Selling a home in the Raleigh-Durham-Chapel Hill Triangle typically costs 8-10% of the sale price before your mortgage payoff is factored in. After agent commission (generally 5-5.5%), the NC excise tax ($1 per $500 of sale price), owner’s title insurance, deed recording fees, prorated property taxes, and any buyer concessions, a Triangle seller on a $700,000 home can expect $56,000-$70,000 in total selling costs before subtracting the mortgage balance. The specific number depends on your sale price, your negotiated commission rate, your remaining mortgage, and whether current market conditions require seller concessions to get to closing.