What are the main costs that come out of my sale price?

Seller proceeds get reduced by paying off any existing mortgage balance, the state transfer tax of $1 for the first $1,000 of the sale price plus 10 cents for each additional $100, prorated property taxes owed through the closing date, and attorney fees for the closing itself. Negotiated items like a home warranty or repair credits can also come out of proceeds depending on the contract. Commission is a separate, negotiated cost that Joel discusses directly with each seller rather than a fixed rate.