In using the services of a real estate agent, you will be tapping into the experience of a professional skilled at selling your house for the highest possible price with the most expediency. Though you are selling your house, there are a few costs, which you would be wise to anticipate.

Here are a few to be aware of, as well as what their purpose is:

Excise Tax: A tax applied to the real estate transaction itself, paid to the state government.

Title Insurance: Required to insure that clear title will pass to the buyer.

Escrow Fee: Paid to the escrow company for preparing papers, accounting for all funds, and closing and recording the transaction.

Real Estate Commission: Paid to the Realtor as a percentage of the real estate sale for their assistance in marketing, advertising, representation, and transaction coordination.

Pro-rated taxes: You may be liable for unpaid real estate taxes at the time of transfer.