First time selling a house - question?

Buyer pays all the fees

No unless you offer some closing fees (don’t)

No required fees outside of the commission.

But as part of the offers, you may be asked to put forward money to closing costs and then whatever contingencies such as repairs/credits for repairs, termite inspections, a/c etc. So can be a lot of variability.

Also I wouldn't completely say no to closing costs. Just depends on the situation.

If you have a full asking price offer but want you pay 5k towards closing costs ...and a offer that is 5k below asking price but no closing costs contingency, there's no out of pocket difference for you either way, so you may choose an offer based on other contingencies or factors.

Every state has different norms. No idea what NJ does. But typically there will be tax prorations, so you may need to give the buyer a credit if taxes are due at the end of the year, then the buyer takes over the bill. Perhaps some HOA prorations too. Also, if you have a mortgage or any other liens, you'll be responsible for getting those cleared up.

Some states the norm is that the buyer pays closing costs, other states it's the seller. But even if you're in a state where the buyer is expected to pay closing costs, the seller might have some small nominal fees. That's not abnormal. It varies by region/county/parish.

Lastly, it just depends on your contract. If you agreed to pay for the buyers home warranty or termite inspection, then you'll be paying that stuff too

This is what I'm doing. buyer wanted $7500 in closing costs, I said $5k and they took it. Some buyers need a little help with the closing, which helps you with the sale if you factor it in.

I don't know how it is in NJ right now but in suburban Philly every decent house is going well over asking. I just bought but was offering 25k over asking and still being beat out. It's nuts. Forgot not waiving the inspection, somebody else will.

Yea we were looking in the 400-450 range and everything was going in 2-4 days after getting on market for well over asking. Good time to be selling within commuting distance to the cities. That bought us a 2000 sqft home that hadn't been updated since the 80s too . I miss the south.

I have two people back out in attorney review

Wish there was some penalty for pulling offer

Luckily happen first day of attorney review