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When selling a home, homeowners are generally responsible for paying the real estate agent’s commission, which typically amounts to 3%–6% of the sale price. Additionally, they must cover the cost of owner’s title insurance, usually between 0.5% and 1% of the property’s value, along with assorted closing fees that can range from 2% to 5%. These percentages reflect national averages, though the exact costs can differ significantly based on the property’s location and its market value.

Rising housing prices have made owning a home unattainable for many, but affordable options are still available even in the most expensive cities. Whether you’re looking for a house in Detroit or a studio in Los Angeles, a budget of $200,000 can get you a variety of properties across the United States.

Not certain if you need to declare your home sale on your tax return? Learn about IRS regulations, eligible exclusions, and essential steps to accurately complete your tax filing.

Can you qualify as a first-time homebuyer more than once? Absolutely. Learn the conditions that allow you to regain first-time homebuyer status and the requirements you need to fulfill.

An introductory overview of the 2025 housing market, exploring pricing trends, availability, buyer demand, and the key factors influencing today’s real estate environment.