Additional Closing Costs for Sellers
Additional closing costs for sellers include: liens or judgments against the property, unpaid homeowner association dues, prorated property taxes and homeowner association dues included up to the settlement date. Your agent and/or seller should be preapred to have paid off up to instructed timeline for HOA dues. This can be overlooked, and is very important when selling a condominum with HOA dues.
Depending on the contract, closing costs may also include termite inspection and remediation, if necessary, a home warranty premium and repair bills or a credit for repairs for items found during a home inspection.
Do not forget to estimate some of the closing costs associated with preparing to sell, such as cosmetic repairs or improvements to make your home more attractive to buyers. Those costs may be returned with a higher sales price, but you should still include them in your calculations. This will vary depending on what needs to be done, and what you choose to renovate or fufill.