When you sell a property you have to obviously commission to an agent that you hire. In our area, we have what's called Title Insurance. That's typically a seller expense; attorney fees and Title Company fees are to close the transaction. If it's an investment property, it is not owner occupied. They will be paying taxes on the sale of the property if the home has appreciated, and there is a profit if its owner occupied the home. I believe the rule is if you have lived in there two out of the last five years that you would not be paying taxes on the gain up to $250,000 for a single person, or $500,000 for a couple.
