Home Selling Costs

• Real Estate Commission: Any sales commissions you've agreed to pay real estate agents.
• Abstract or Title Search: The cost to update your abstract and check the title.
• Recording Fees: The cost to file proper documents with the county satisfying your mortgage and clearing up any other title problems.
• Real Estate Taxes and Assessments: You may owe property taxes, or if you've already paid them for all or part of the year, your buyer may need to reimburse you.
• State Deed Tax: In every county in Minnesota you must currently pay the treasurer's office $3.30 in taxes for every $1,000 of the price of your property.
• Conservation Fee: Some counties collect between $5 and $20 for a mortgage registration fee and a deed transfer fee. This money is used, in part, to fund Minnesota's wildlife fund.
• Closing Fee: What you pay a closing agent, if you hire one.