Page 21 - Seller Guide 2025

ESTIMATED CLOSING COSTS

Costs on the Sale of a property

State Conveyance Tax .75% of sale price below $800,000
1.25% of sale price above $800,000
Local Conveyance Tax .25% of sale price
Realtor’s Fee 5-6% (negotiable)
Attorney’s Fee $1,500 +/-
Recording Fee - Release $10 (1 page) - $15 (2 page)
Real Estate Taxes Unpaid Balance
Mortgage Payoff Unpaid Balance
State Compliance Tax $195

Costs on the Purchase of a property

Lender Fees: application, appraisal $200-500
Attorney Fee $1.500 +/-
Title Search $100-200
Title Insurance $325 per $100,000
Recording Fee $10 (1 page) - $15 (2 page)
Tax Escrow (usually 6 months) Determined by the lender
Tax Adjustment Buyer pays pre-paid Real Estate taxes
Interest Adjustment Prorated from closing date to end of month
Utilities (oil, gas, water) varies
Common charges (condo) varies
Association Fees (beach rights) varies
Insurance varies
State Compliance Fee $195

Costs on Various Inspections

General Building Inspection $800 +/- based on square footage
Water Test $135 +/-
Lead Test $300+/-
Radon $145 +/-
Radon Mitigation System $1,300
Septic Dye Test Included in most inspections
Septic Cleaning & Inspection $250-350
Asbestos Check $300-375
Termite $250

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