Selling a property involves more than determining the listing price. Understanding the costs associated with selling can help you have a clearer picture of what you may actually receive from the sale.

What Costs Should Sellers Consider?

Depending on the property and transaction, selling costs may include:

  • Real estate commissions and other professional fees.

  • Conveyance Tax, which is generally paid by the seller when real property is transferred. (tax.hawaii.gov)

  • Escrow, title, recording, and other closing costs associated with completing the transaction.

  • Prorated property taxes, association fees, or other property-related expenses, depending on the closing date and terms of the sale.

  • Repairs, improvements, staging, or other preparation costs made before listing the property.

  • Potential federal or state income tax obligations, depending on the seller's individual circumstances and whether any gain or exemption applies.

Not every seller will have the same expenses. The costs can vary depending on the property, sale price, financing, negotiations, and the terms of the transaction.

Before putting your property on the market, understanding your potential selling costs can help you set realistic expectations and better estimate your net proceeds.

For more information:
Hawaiʻi Department of Taxation – Conveyance Tax

This article is for general informational purposes only and is not tax, legal, or financial advice. Actual selling costs vary by transaction. Please consult your real estate, escrow, tax, or legal professional regarding your specific situation.