Sellers Estimated Closing Costs

Sellers Estimated Closing Costs in CT

1. Sales Commission: Typically 5%

2. Real Estate Transfer Tax

Greenwich conveyance:
$2.50 per $1,000
State conveyance:
0.75 of 1% (.0075) up to $800,000
1.25% (.0125) over $800,000
2.25% (2.25) over $2.5MM

​3. Mortgage payoff

4. Attorney Fee: Varies, approx. range is $2,500 – $5,000+

​5. Recording Fees:

  • Power of Attorney, about $63;
  • Release of Mortgage $53

6. Building Inspection Repairs (maybe required following inspections)

7. Capital Gains Tax:  If applicable.  Consult your accountant.

 

 

NOTE:  Buyer and Seller must check with their attorneys as to actual, applicable or addition costs.