Yes, You are allowed to
deduct from the sales price almost any type of selling expenses, provided that
they don’t physically affect the property. Such expenses may include:
- advertising
- appraisal fees
- attorney fees
- closing fees
- document preparation fees
- escrow fees
- mortgage satisfaction fees
- notary fees
- points paid by seller to
obtain financing for buyer
- real estate broker's
commission
- recording fees (if paid by
the seller)
- costs of removing title
clouds
- settlement fees
- title search fees, and
- transfer or stamp taxes
charged by city, county, or state governments
