KMS Partners LLC, is an exclusive partnership within the
Coldwell Banker Westport-Riverside real estate office.

The parties to a real estate sale may negotiate who will pay certain closing costs. In the absence of an agreement, local custom calls for each party to pay those closing costs related to that portion of the transaction for which they are responsible.

Closing Costs Typically Incurred by the Seller

State Conveyance tax.75% of sale price up to $800k
1.25% of sale price above $800k
Local Conveyance TaxWestport, Weston, Wilton, Fairfield, Easton, Redding - .25%
Stamford - .35%
Norwalk - .50%
Realtor’s FeeNegotiable
Attorney’s Fee$1000 - $1500 +/-
Recording Fee Release$200 +/-
Real Estate TaxesUnpaid balance
Mortgage PayoffUnpaid balance

Closing Costs Typically Incurred by the Buyer

Home Inspection Fees
General Building Inspection$1000 +/-
Pool$200 - $300 +/-
Asbestos350 +/-
Radon$100 +/-
Septic$400 - $500 +/-
Termite/Pest$250 +/- (typically included in building inspection)
Lender Fees
Origination Fees$800 +/-
Credit Report24 +/-
Origination FeesVaries
Tax EscrowDetermined by lender/town
Interest Adjustment PaymentVaries with closing date, pro-rated based on actual number of days from the date of closing to the date of the first mortgage
Attorney's Fees$1000-$1500 +/-
Title Search/
Municipal Search
Title InsuranceEx. Home Price = $750,000 ($2,500)
Ex. Home Price = $1,000,000 ($3,200)
Recording Fee$200 +/-
Homeowner's InsuranceVaries depending on the property
Flood InsuranceIf Applicable

The fees listed above are given only as an approximate and may vary higher or lower.

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© 2018 KMS Partners LLC is a real estate agent team with Coldwell Banker and licensed in the state of Connecticut · Last modified: 16 July 2013 · Log in · IDX · Real Estate Web: darrylo