Because at the end of the day, what matters most is:

How much money you actually walk away with.

Here’s the good news:

Closing costs are predictable—and with the right plan, there are no surprises.

What Are Closing Costs (For Sellers)?

Closing costs are the expenses you pay when your home sale is finalized.

They come out of your proceeds at closing—not out of pocket upfront in most cases.

Typical Closing Costs for Sellers in Galax, VA

While every situation is a little different, here are the most common costs:

1. Real Estate Commission

This is usually the largest cost.

• Typically 5%–6% of the sale price

• Split between the listing agent and buyer’s agent

This covers marketing, negotiation, and managing the entire process.

2. Closing / Settlement Fees

Paid to the attorney or settlement company handling the transaction.

• Title work

• Document preparation

• Recording fees

These are usually a few hundred to a couple thousand dollars.

3. Title-Related Costs

You may pay for:

• Title search

• Title insurance (in some cases)

4. Seller Concessions (Optional)

Sometimes sellers agree to help buyers with:

• Closing cost assistance

• Repairs or credits

This is negotiable and depends on your situation.

5. Repairs (If Needed)

After inspection, you may:

• Make repairs

• Offer a credit instead

6. Mortgage Payoff

If you still have a loan:

Your remaining balance gets paid off at closing.

7. Property Taxes (Prorated)

You’ll pay your share of property taxes up to the closing date.

What Percentage Should You Expect?

In general:

Most sellers in Galax can expect total closing costs around 6%–10% of the sale

price

This depends on:

• Commission

• Repairs

• Negotiations

• Specific transaction details

What You Actually Walk Away With

This is what most sellers really want to know.

Your net proceeds =

�� Sale price

➖ Closing costs

➖ Mortgage payoff

= What you take home

Real Seller Scenario

I worked with a homeowner who assumed they would walk away with a certain number

based on their sale price.

But once we factored in:

• Commission

• Taxes

• Minor repairs

• Payoff amount

The number was different than expected.

The good news?

We adjusted the pricing and strategy early—so there were no surprises at closing.

Biggest Mistakes Sellers Make

1. Not Understanding Net Proceeds

Focusing only on sale price instead of what you keep.

2. Forgetting About Repairs or Credits

These can impact your bottom line.

3. Assuming Online Calculators Are Accurate

They often miss local details.

4. Not Planning Ahead

Knowing your numbers early helps you make better decisions.

How to Estimate Your Closing Costs

The best way is:

A custom net sheet based on your home and situation

This includes:

• Estimated sale price

• Mortgage payoff

• Fees and costs

• Realistic bottom line

FAQ

Do I pay closing costs upfront?

No—most costs come out at closing.

Can I negotiate closing costs?

Yes—especially concessions and repairs.

How much are closing costs in Virginia?

Typically 6%–10% of the sale price for sellers.

Will I know my numbers before selling?

Yes—you can get a clear estimate before listing.

Final Thoughts

Closing costs aren’t something to fear—they’re something to understand.

The more clarity you have upfront, the more confident you’ll feel about your sale.

Next Steps

If you’re thinking about selling your home in Galax, VA:

• Get a clear estimate of your net proceeds

• Understand your costs upfront

• Build a strategy that works for your goals

_______________________________________________________________________

Linda S Freeman

Real Estate Broker – Galax, Virginia

Avante Realty Group

276-733-8880

yourlandandhome.com

Helping homeowners in Galax, VA understand their numbers and sell with confidence.