Relaxing on the Waterfront


Shaded Retreat

CLOSING COSTS TYPICALLY INCURRED BY THE SELLER

The Parties to a real estate sale may negotiate for who will pay certain closing costs. In the absence of an agreement, local custom calls for each party to pay those closing costs related to that portion of the transaction for which they are responsible.

State Conveyance Tax

0.5% of sale price up to $800k
1% of sale price above $800k

Local Conveyance Tax

.25% of sale price (Westport)

Realtor’s Fee

Negotiable

Attorney’s Fee

1500 +/-

Recording Fee Release

$10 (1 page), $15 (2 pages)

Real Estate Taxes

Unpaid balance

Mortgage Payoff

Unpaid balance

The fees listed above are given only as an approximate and may vary higher or lower.