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Costs

Typically, selling your property costs approximately 8% to 9% of the sales price. These costs include:

  • Escrow Fees - Fees paid to Escrow agent that are based on the price of the home and are generally divided between the buyer and seller
  • Title Insurance - Fee to Title Company that protects against losses resulting from undiscovered title defects
  • State Excise Tax - Tax on sale price of property paid to the State of Washington
  • Real Estate Fees (sales commission) - Fees associated with the cost to hire a realtor to advertise, market, negotiate the property sale, and manage the transaction
  • Pro-rated Property Taxes - If unpaid, Seller pays portion of the property's taxes due prior to the transaction closing date
  • Wire Transfer/Courier Fees - Fees associated with moving documents/monies from one location to another
  • Recording Fees - Fees associated with recording documents at the Kitsap County


Source: Washington State Real Estate Fundamentals