How Much Will You Net Selling Your Home in Northern Virginia?

How Much Will You Net Selling Your Home in Northern Virginia?

Northern Virginia sellers typically pay 8–10% of their sale price in total selling costs, including real estate commissions, Virginia's grantor's tax ($0.25 per $100), the NoVA Regional Congestion Relief Fee ($0.15 per $100), and title/settlement fees. On a $700,000 home in Fairfax County or Loudoun County, that's roughly $55,000–$70,000 in total costs before your mortgage payoff. The grantor's tax and regional fee alone combine for $0.40 per $100 of the sale price — $2,800 on a $700,000 sale. Running a net sheet with your agent before you list is the only way to know what you'll actually walk away with.

Read More