9 Closing Costs That Sellers Pay

There are customary fees associated with a real estate transaction and the party that typically pays their fees.

These are some that sellers should account for:

1. Owner's Title Insurance Policy
2. Half of the Escrow Fee
3. Excise Tax
4. Real Estate Broker Commissions
5. Loan Balances
6. Pro-Rated Property Taxes
7. Current Utility Balances
8. Homeowner's Association Fees
9. Pro-Rated HOA Dues & Miscellaneous HOA Fees

Actual fees are determined by Sales Price.

Excise tax in Washington state is 1.28%, but keep in mind that cities have the right to impose additional city tax on top of the state's, so in some cities, like for example in Seattle, excise tax can even be 0.50% higher.

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