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What should a seller expect to pay out of the sale?

Profile picture for tempestakelly
Closing cost? how much? am i expected to pay state taxes on a sale? about how much if any?
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October 27 - Salmon Creek
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The seller normally pays 1/2 of the escrow fee ($500-$650).  The seller also pays Washington State excise tax on the selling price which is 1.78%.  (Thank your Washington State Realtor's Association for keeping this excise tax at this current rate)!  Additionally, as the seller, it is your responsibility to provide and pay for title insurance ($800-$1200 average cost, but could be more as it is based on the price of the home).  Then there are the recording fees (about $165-$200).  This transfers the title of the property into the names of the new owners.  Additionally, you have the real estate commissions, pay off of loan balance(s), and miscellaneous charges such as wire transfer fees, sales tax on escrow fees, etc.  If you are current on your property taxes, you may receive a property tax refund as the taxes are prorated as of the day of property transfer.  I hope this more detailed answer is helpful.
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October 27
Profile picture for Tonya Brobeck
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closing costs are the escrow fees and title and depend on what was negotiated at the sale between you and buyer,  then you have doc fees & recording fees to escrow (minimal amount), if you used a real estate broker to list the house you will have commissions coming out of the gross, plus taxes, and whatever, if any loan balance you may owe on the house.  Ask your agent for a "net seller" worksheet. It shows all cost itemized.
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October 27
Profile picture for wetdawgs
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In the state of Washington, the seller must pay state taxes on the sale of almost 2%.   

Beyond those taxes, most of the other things such as closing costs are negotiable with the buyers.  
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October 27
Profile picture for daveskow
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check with  a local  title or escrow  firm....I believe the approx state of washington excise tax on a  sale is  1.78%  of the sales price  
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October 27
 

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