Seller's Closing Costs

LEGAL FEE

Varies depending on the attorney and the transaction. Normally in the $1,500 to $2,000 range

REAL ESTATE COMMISSION

Depends on the terms of the listing agreement.

REALTY TRANSFER TAX

Rate fixed to sale price of house. Consult your attorney for

Stamford - .35%

Norwalk - .50%

State - .75% up to $800,000 & amount over $800,000 is 1.25%

OTHER LIENS

Must be removed from property before sale (i.e.mortgage) $6.00 per page.

TAX ADJUSTMENTS

Usually a credit (sometimes a charge) to seller, to adjust for taxes paid short of – or beyond – the closing date.

INSECT DAMAGE

As may be required following inspection.

OIL IN TANK

Buyer pays current price for oil in tank

ENGINEERING REPAIRS

As may be required following inspection