Why It’s Important to Understand Seller Fees
Selling your home isn’t just about finding a buyer and signing the papers. From marketing to closing, there are real costs involved—and they can affect your net proceeds.
Understanding your financial responsibilities upfront allows you to:
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Set realistic pricing expectations
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Accurately estimate your net profit
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Prepare for negotiations with buyers
Common Seller Fees in Tulsa Real Estate Transactions
Here’s a breakdown of what Tulsa home sellers typically pay:
1. Real Estate Agent Commission (Typically 5–6%)
This is the largest fee in most transactions. It’s typically split between:
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The listing agent (your Realtor)
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The buyer’s agent
This fee covers marketing, showings, negotiations, listing management, and contract oversight.
2. Title and Escrow Fees (0.5%–1%)
In Tulsa, sellers often share title and escrow costs with the buyer. These fees cover:
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Title insurance for the buyer
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Escrow or closing agent services
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Recording and filing with Tulsa County
3. Document Preparation and Attorney Fees (Varies)
If you choose to hire a real estate attorney or require special legal documents (such as for a trust or estate), you may incur extra fees.
4. Home Warranty (Optional, $400–$600)
Some Tulsa sellers offer a home warranty to attract buyers or negotiate repairs. While optional, it can boost confidence and reduce post-sale issues.
5. Repairs or Concessions (Varies Widely)
Depending on the results of the buyer’s inspection, sellers may:
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Make repairs prior to closing
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Offer a credit at closing (concession)
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Reduce the purchase price in lieu of fixes
6. HOA Transfer Fees (If Applicable)
If your home is part of a Tulsa-area homeowners association, the HOA may charge:
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Transfer fees
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Document fees
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Prorated dues
7. Property Taxes (Prorated)
Sellers must pay property taxes up to the date of closing. These are prorated based on the calendar year and deducted from your proceeds.
8. Mortgage Payoff and Prepayment Penalties
Any remaining loan balance must be paid off at closing. Some lenders charge small prepayment penalties—check with your mortgage provider.
Summary of Common Seller Fees in Tulsa
|
Fee Type |
Estimated Range |
|
Realtor Commission |
5%–6% of sale price |
|
Title & Escrow |
0.5%–1% |
|
Repairs/Concessions |
$500–$5,000+ (varies) |
|
Home Warranty (optional) |
$400–$600 |
|
HOA Fees (if applicable) |
$100–$500 |
|
Prorated Property Taxes |
Varies based on timing |
|
Mortgage Payoff |
Remaining loan balance |
How to Estimate Your Net Proceeds
Understanding your fees helps you calculate your net proceeds (the amount you take home after selling).
Use this simple formula:
Net Proceeds = Sale Price – (Total Fees + Mortgage Payoff)
The MORE Agency provides a free Seller Net Sheet customized to your property. We’ll walk you through each number so you can plan ahead.
Why Work With the MORE Agency When Selling in Tulsa?
Gannon Brown, Carol Brown, and Stephen Brocks lead one of Tulsa’s most trusted real estate teams. With deep market knowledge and transparent guidance, we help homeowners:
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Understand the full financial picture
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Avoid unnecessary fees or surprises
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Maximize net proceeds with smart pricing and negotiation
Whether you’re a first-time seller or experienced investor, the MORE Agency delivers the clarity and strategy you need.
Final Thoughts: Know What You're Signing Up For
Selling a home in Tulsa doesn’t have to be confusing or stressful. When you understand the fees involved, you can make empowered decisions and prepare for a smooth closing.
With the right Realtor by your side, the process becomes less about guesswork—and more about results.
Ready to Sell Your Tulsa Home With Confidence?
Contact MORE Agency today to request your free home value analysis and Seller Net Sheet. The MORE Agency team will help you understand your numbers and create a plan that protects your profit.
Let’s simplify your sale—and maximize your results.
