another in the process. If this is the position you find yourself in, you may need to fix whatever problems caused the failure and start the whole process over again—adding more months of holding costs to the picture. Transaction Expenses = $ ______________ Commonly referred to as “closing costs,” these expenses may account for 2-3% of the total amount of the loan. If you live in a high-cost region like California or New York, closing costs may be much higher, and can account for roughly 5-6%. If you are unsure of the average closing costs for your area, you can talk to a lender who specializes in your county or state. Fortunately, transaction expenses are typically negotiable between the buyer and seller, so if you can negotiate for a higher selling price in return for paying some of the closing costs, it can go a long way toward helping the sale, as the buyer will not have to bring as much to the table. Cosmetic Fix-Ups = $ __________________ Most houses need some kind of cosmetic improvements, whether that means new carpet, fresh paint, or yard work. If you want to sell your house for top dollar, your house needs
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