The gage group logo says it 's your city , own it.
A kitchen with a large island , sink , table and chairs.
By Jacqueline Gage 19 Mar, 2024
Looking to buy a home? Here are five essential tips for making the process as smooth as possible.
A woman in a blue shirt is standing in front of a house.
By Jacqueline Gage 19 Mar, 2024
Buying a house is a very exciting time, but has your agent or lender showed you the closing costs associated with your purchase? Buying a home without knowing how much you’ll pay in closing costs is like painting your house without knowing the color: if it’s not what you expected or wanted, you can be in for an unpleasant surprise. In order to make a smart investment, you need to arm yourself with the right information, and this week’s Gage Group Home Buying Tips will help you do exactly that! By breaking down all the closing costs incurred when buying a home, I’ll make sure you’re well equipped to make the right decision and avoid any unnecessary stress.
A woman is standing in front of a house with a sign that says listen up.
By Jacqueline Gage 19 Mar, 2024
Are you looking to buy a new house, but still need to sell your current home first? It might seem tricky—or risky—to do both at the same time, but with the right guidance, it’s definitely doable. On this episode of Sac N Gaged, I’m going to share a special Gage Group Home Buying Tip on what not to do if you’re faced with buying and selling a home at the same time. We’ll let you in on 2 secret strategies that will help you find your home before someone else snags it, all while avoiding dangerous pitfalls that could leave you homeless.
A woman is standing in front of a white house.
By Jacqueline Gage 19 Mar, 2024
 LISTING VIDEO: SIERRA OAKS  
A woman in a pink dress is standing in front of a house.
By Jacqueline Gage 19 Mar, 2024
467 Crocker Rd, Sacramento, CA 95864 This Classic East Sac Charmer is fully remolded with modern amenities, while still staying true to the original charm of the 50’s. The huge picturesque window in the family room provides ample natural light while creating a spacious feel. The kitchen has quartz counter tops, refinished cabinets, stainless steel…
A living room with a couch , chairs , and a coffee table.
By Jacqueline Gage 19 Mar, 2024
606 Dante Cir. Roseville, CA 95678 Beautiful townhouse in Campania. Great room concept with spacious living area & an abundance of natural light. The kitchen has stainless steel appliances and an open concept, rich dark laminate floors downstairs, and upstairs laundry. This home features two master suites upstairs with double sinks and walk in closets.…
A woman in a blue shirt is standing in front of a white house.
By Jacqueline Gage 19 Mar, 2024
1811 25th St. Sacramento, CA 95816 This is your chance to be in Sac’s hottest midtown neighborhood, R Street Corridor. Just steps away from the coolest restaurants, bars, coffee shops, local hot spots and light rail, this location provides an ease of living. Built in 2014 with contemporary stylish vibes and sleek modern finishes, such…
A woman in a yellow dress is standing in front of a house.
By Jacqueline Gage 19 Mar, 2024
5025 V St. Sacramento, CA 95817 Location Location Location! Don’t miss this opportunity to live in the tree lined streets of Elmhurst. Minutes away from Midtown, Downtown, Restaurants, UC Davis Medical Center plus easy access to freeway. This super cute home has refinished floors, remodeled kitchen with granite, central heat and air, RV access plus…
A woman in a blue dress is standing in front of a brick wall.
By Jacqueline Gage 19 Mar, 2024
5393 Hale Ct. Sacramento, CA 95819 Entertainers delight! This property is all about location. Located in a quite cul de sac in River Park right next to the American River you have prime river access to all the trails and not to mention Paradise Beach In your backyard! The home sits on a huge lot…
A house with a driveway and a tree in front of it.
By Jacqueline Gage 19 Mar, 2024
1200 7th Ave.,Sacramento, CA 95818 Welcome to 1200 7th ave, situated in the heart of the highly desirable Old Land Park this home is awaiting it’s new owners. The updated 3 bedroom 2 bath has an abundance of natural light, hardwood floors throughout the downstairs, a spacious open kitchen concept with quartz countertops, stainless steel…
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WHAT ARE THE CLOSING COSTS OF SELLING A HOUSE IN SACRAMENTO?

Jacqueline Gage | Sep 27, 2019

Selling your house can be stressful, and usually comes with a laundry list of things to do: packing, moving, and preparing yourself to live in new surroundings. But what’s even more stressful? Selling your house without knowing what the sale is going to cost you. Not only does this make negotiating in good faith nearly impossible, it also prevents you from gaining the upper hand during the first two weeks of your home’s listing—the time when you’ll get the most traffic. If you’re unsure about any of these numbers, we’ve got your covered! On this week’s Gage Group Home Selling Tips, I’ll show you exactly what it will cost to sell your house so you have all the information you need to make a smart decision. Knowing your bottom-line net walkway figure is essential because the most important number is not what your house sells for, but what you walk away with.

 

When you sell your Sacramento property, it’s so important to have an accurate net sheet up front, regardless of how much equity you have in your home. This net sheet will show you your bottom-line, walk away figure after closing costs and allows you to know exactly what to expect. It always surprises me at how many sellers list their properties without any idea of typical closing costs; if you don’t know these numbers, it will be very difficult to determine an acceptable sale price for your property. Make sure to ask your agent to prepare your net sheet for you before you put your house on the market.


For Example: I had a client that had purchased their condo in the mid-2000s, right at the peak of the market. Even though selling meant they weren’t going to make a profit on their property, they needed to move. When I arrived at the condo, I was surprised to learn that they were ready to fire their previous real estate agent. Even more surprising? The property had been listed on the market for over 250 days at a high price! The sellers also had no idea what the estimated closing costs were, and when I asked if anyone had prepared a net sheet for them, the answer was sadly no.


One question I had to ask them was, How are you able to make an educated decision on which offers to accept if you don’t know your total costs?  It was something they had never though about in quite those terms; they were ready to bring up to $50,000 to closing just to sell their property and move into the suburbs. They had no idea that all they needed to do was lower their price and implement the right marketing plan. Even with a lower price, they were no way near having to bring in $50,000 to closing.


With the listing canceled, we waited a week before relisting to ensure the property was repositioned correctly with the right marketing plan in place. While we started with a price slightly lower than their original listing, the sellers were now aware of exactly how much money they would net based on a variety of sales price scenarios. With a reduced price, the property sold in just under 35 days.


If the seller had known the net number before they initially listed their property, they would have sold much faster and been on their way out of the city way earlier. I don’t have magical super agent powers, but what I do have is common sense. People should know what their bottom line is, and my job is to be upfront and tell them the truth.


So if you don’t want to end up like this example, here are some good estimates of what you’ll pay for in closing costs here in Sacramento.


Realtor’s Commission—Commissions should be around 5-6% of your sale price, depending on the agent. While a lot of people feel like the commission is an unavoidable burden of doing business, remember that a good agent can get you a sale price of 5-6% higher than your original asking price. In that case, there’s really no cost.


Title Fees—Most title companies will have fees ranging from $1,200 to $3,000, depending on the purchase price. In Sacramento, the seller is responsible for paying for the title insurance, and there will be other miscellaneous title fees as well.


Attorney’s Fees—While an attorney is not required in California, if you choose to hire one to help you with the selling process, be prepared to pay between $500-$700.


Survey Fee—If you’re selling a detached, single-family house, you’ll need to get a survey of the property done. In Sacramento, this will usually cost around $500-$750.


Real Estate Tax Prorations—As the seller, you’ll need to credit the buyer for their unpaid share of taxes. Since property taxes are always being paid a year behind, plan on crediting the buyer with a year’s worth of real estate taxes. While this isn’t really a cost—it’s a bill that you owe since you occupied the property during the time the bill was due—it will deduct from your bottom line.


Real Estate Transfer Stamps/Taxes—This cost will vary based on the county. Sacramento’s transfer tax rate is $1.10 per $1,000 of the purchase price, though certain areas charge .275% of the total purchase price.


Payoffs to Any Existing Loans—This is the amount to pay off anything owed, if there is still debt on the property.


These are the main costs associated with selling your home; while there may be additional, minor fees, the majority of them are included in this list. You’ll definitely want to know the total costs before you get an offer for your property, and make sure to contact me if you’d like an even more precise closing cost estimate on your home. I’m always happy to help!

A kitchen with a large island , sink , table and chairs.
By Jacqueline Gage 19 Mar, 2024
Looking to buy a home? Here are five essential tips for making the process as smooth as possible.
A woman in a blue shirt is standing in front of a house.
By Jacqueline Gage 19 Mar, 2024
Buying a house is a very exciting time, but has your agent or lender showed you the closing costs associated with your purchase? Buying a home without knowing how much you’ll pay in closing costs is like painting your house without knowing the color: if it’s not what you expected or wanted, you can be in for an unpleasant surprise. In order to make a smart investment, you need to arm yourself with the right information, and this week’s Gage Group Home Buying Tips will help you do exactly that! By breaking down all the closing costs incurred when buying a home, I’ll make sure you’re well equipped to make the right decision and avoid any unnecessary stress.
A woman is standing in front of a house with a sign that says listen up.
By Jacqueline Gage 19 Mar, 2024
Are you looking to buy a new house, but still need to sell your current home first? It might seem tricky—or risky—to do both at the same time, but with the right guidance, it’s definitely doable. On this episode of Sac N Gaged, I’m going to share a special Gage Group Home Buying Tip on what not to do if you’re faced with buying and selling a home at the same time. We’ll let you in on 2 secret strategies that will help you find your home before someone else snags it, all while avoiding dangerous pitfalls that could leave you homeless.
A woman is standing in front of a white house.
By Jacqueline Gage 19 Mar, 2024
 LISTING VIDEO: SIERRA OAKS  
A woman in a pink dress is standing in front of a house.
By Jacqueline Gage 19 Mar, 2024
467 Crocker Rd, Sacramento, CA 95864 This Classic East Sac Charmer is fully remolded with modern amenities, while still staying true to the original charm of the 50’s. The huge picturesque window in the family room provides ample natural light while creating a spacious feel. The kitchen has quartz counter tops, refinished cabinets, stainless steel…
A living room with a couch , chairs , and a coffee table.
By Jacqueline Gage 19 Mar, 2024
606 Dante Cir. Roseville, CA 95678 Beautiful townhouse in Campania. Great room concept with spacious living area & an abundance of natural light. The kitchen has stainless steel appliances and an open concept, rich dark laminate floors downstairs, and upstairs laundry. This home features two master suites upstairs with double sinks and walk in closets.…
A woman in a blue shirt is standing in front of a white house.
By Jacqueline Gage 19 Mar, 2024
1811 25th St. Sacramento, CA 95816 This is your chance to be in Sac’s hottest midtown neighborhood, R Street Corridor. Just steps away from the coolest restaurants, bars, coffee shops, local hot spots and light rail, this location provides an ease of living. Built in 2014 with contemporary stylish vibes and sleek modern finishes, such…
A woman in a yellow dress is standing in front of a house.
By Jacqueline Gage 19 Mar, 2024
5025 V St. Sacramento, CA 95817 Location Location Location! Don’t miss this opportunity to live in the tree lined streets of Elmhurst. Minutes away from Midtown, Downtown, Restaurants, UC Davis Medical Center plus easy access to freeway. This super cute home has refinished floors, remodeled kitchen with granite, central heat and air, RV access plus…
A woman in a blue dress is standing in front of a brick wall.
By Jacqueline Gage 19 Mar, 2024
5393 Hale Ct. Sacramento, CA 95819 Entertainers delight! This property is all about location. Located in a quite cul de sac in River Park right next to the American River you have prime river access to all the trails and not to mention Paradise Beach In your backyard! The home sits on a huge lot…
A house with a driveway and a tree in front of it.
By Jacqueline Gage 19 Mar, 2024
1200 7th Ave.,Sacramento, CA 95818 Welcome to 1200 7th ave, situated in the heart of the highly desirable Old Land Park this home is awaiting it’s new owners. The updated 3 bedroom 2 bath has an abundance of natural light, hardwood floors throughout the downstairs, a spacious open kitchen concept with quartz countertops, stainless steel…
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