Closing Costs
Seller’s Guide
Closing and Repair Costs
When selling a property it’s important to take into account the closing costs you will be responsible for. These can include Real Estate Broker commissions, mortgage payoff statements, transfer taxes, oil and propane payouts, as well as costs that may arise due to the repair requests associated with the inspection of the home. Your Real Estate Attorney should be able to give you a fairly accurate estimate of your total closing costs at the time you sign the binding Contract of Sale.
*NOTE: The estimates provided are intended as a guide only. Karla Murtaugh makes no guarantee as to the accuracy of the numbers provided. Please consult your attorney and individual service providers for an accurate quote.
Costs When Selling a Property
Attorney Fees: $1500 +/-
Local Conveyance Tax: 0.25% (Ridgefield, varies from town to town)
Mortgage Payoff: Payoff balance plus any subsequent fees
Property Taxes: Any outstanding balances
Realtor Commissions: Total real estate commissions vary. Generally, negotiated commissions range from 4-6%
State Conveyance Tax: 0.75% of Sales Price up to $800,000 + 1.25% of Sales Price above $800,000
Compass CT
470 Main Street
Ridgefield CT 06877
203.856.5534
Licensed in the state of Connecticut & New York.
