𝐂𝐥𝐨𝐬𝐢𝐧𝐠 𝐂𝐨𝐬𝐭
At the time of closing both buyer and seller have closing costs calculated in their final numbers. Homebuyers can expect to pay up to 3% of the property’s total purchase price. Sellers can expect to pay up to 8% to 12% depending on negotiations at the time of contract.
Major closing costs for Buyers
🌟 Loan Origination Fees
🌟 Mortgage Escrow account
🌟 Appraisal Fee
🌟 Lenders Title Insurance
Major closing costs for Sellers
🌟 Real Estate Commissions
🌟 Escrow Fee
🌟 Washington state excise tax
🌟 Owners title policy
🌟 Split escrow costs with the buyer
🌟 Sometimes sellers will pay buyers’ costs
