According to Zillow site home values, the median home in VA sold for $291,002. Virginia home sellers can expect to pay up to $8,070 in closing costs, though this number may vary and is a rough estimate. In the event you have a balance from the sale of your home, I recommend that you request a paper check versus wiring the funds to your account. According to data from ClosingCorp, the average closing cost in Virginia is $5,959 after taxes, or approximately 1.49% to 1.99% of the final home sale price. Use the following table to find title companies in the Northern Virginia area that service the Alexandria Fairfax County area. This helps a buyer. This fee will pay for the Ekoo Title to maintain a digital copy of your records. ... With the exception of real estate commissions, the other closing costs for sellers are a lot cheaper than closing costs for buyers. Check out my eight-minute video below that will walk you through the topics covered on this page. **Each additional Deed of Trust on your property will incur a Title Release Tracking fee. My endorsement is to interview three agents from three different companies that service your area. If you don’t know who to choose, feel free to call or text me at 703-539-2053 or send me an email to Abraham@AskAWalker.com and I’ll provide you with a recommendation for a title company near your home address. We recommend getting three quotes to ensure you are paying the best rate for the services being offered. There are certain closing costs and fees that are customary for a buyer or seller to pay. Here are the settlement companies used in this section: **Charges shown are actual fees from actual closings. This page was created for two types of sellers…, Before you decide to sell your home in Northern Virginia, find out the true cost of the selling process by understanding your Seller Closing Cost. Always, always, always, verify that you’re talking or speaking with a representative from the title company before giving out any financial information. Use our home valuation form to receive your market analysis showing you what your home is worth in today's market. The name of the legal document to put the lien on the property is called “Deed of Trust.”. Use the following table to find title companies in the Northern Virginia area that service the City of Alexandria/Old Towne area. And it can be bewildering. If you still have a balance on your loan, the Deed of Trust is still recorded and attached to your property. Title fees, Attorney costs calculator | VA Title Insurance rates. 4 of the 5 title companies charged this fee. The Title Company will track the lien until it is released. This fee is to complete the closing/settlement by the RESA. You are one step away from getting your estimated seller closing cost. You will pay $1.50 per $1,000 or $750 when selling a home for $500,000. The state’s website describes the fee as a transportation network that’s vital to the economic growth of Northern Virginia and the Commonwealth. For example, assume you pay your HOA every month. As a buyer, you will sign what seems like endless piles of documents and will have to present a sizeable check for the down payment and various closing costs. In most scenarios, the answer is YES you will have to pay off your HELOC to sell your home. Use the following table to find title companies in the Northern Virginia area that service the City of Falls Church area. This field is for validation purposes and should be left unchanged. You are guaranteed to see a closing fee associated with your home sale because of the additional work of the Association or Development to process your property transfer. Ekko Title is the only company that charges this fee and based on the prices offered by other RESA’s; they include this charge in their Deed Preparation fee. After you complete the sale of your property, the lender mentioned above SHOULD be paid from the proceeds of the sale and release the Deed of Trust from the property. In researching for this article, and, especially this section, I’ve reviewed and consolidated the 10 title charges that are bound to show up from five of Northern Virginia’s Top Settlement Companies. Please pay attention to the services they offer for the commission that they are charging. You pay recording and transfer taxes to purchase a home, and now you have the privilege of paying similar government taxes to sell your home. For a more accurate estimate, please send me an email with your address to Abraham@AskAWalker.com. Due to the small-dollar figures and rarity of occurrence, the next section will contain a brief overview of the fees from my research with a highlight or two of the areas you may want to pay attention to or ask questions. To get the most current fees, we will contact your association before placing your home on the market to get an idea of what’s required to complete the transfer process. As a buyer, you will sign what seems like endless piles of documents and will have to present a sizeable check for the down payment and various closing costs. Hi, I just paid around $10,000 in closing costs for a $330,000 house (not even in VA, but, might be helpful). Based on the average home value in Virginia of $295,041, that roughly translates to $2,950 to $8,851. Closing costs are one of the biggest hurdles for first time home buyers. In other words, you and the property free from the lien from the lender. The name of the fees varies between the different associations. Use it to jump ahead to learn more about the various closing costs. Yearly Property Taxes. The below table of contents will help you better navigate this page. Comparing Title Companies based on these individual fees is challenging because every title company can be creative with how fees are categorized. Please CLICK HERE for a larger view of your approximate For Sale By Owner Closing Costs for Virginia (.pdf) Do you know what to expect on closing day? Pest inspection (sometimes this is paid for by the buyer, but sometimes, the buyer negotiates for the seller to pay for it) - $35 - $50. A seller may offer to pay a portion of or all of the closing fees for the buyer. Closing costs for buyers in Northern Virginia usually range around 2.5% to 3% of the sales price. There’s no set commission rate because real estate commissions are negotiable. The largest chunk of the fees is real estate commission. Sellers just starting the home selling process looking for accurate reliable information about the fees associated with selling a property in Northern Virginia. For example, on a VA Loan it is customary for the seller to pay for a termite inspection. In addition to handling the transfer of funds from the buyer to seller, the RESA also collects money and pays expenses that are related to transferring your house to the buyer. Due to the amount of fraud in real estate transactions around wires, it is crucial to ensure you’re communicating to the right party. On a median sales price, sellers would pay another $16,194 to the realtors involved in the sale. No one wants to travel South on 95 at any time of the day. Use the following table to find title companies in the Northern Virginia area that service the Herdon/Reston area. Use the following table to find title companies in the Northern Virginia area that service the Centreville area. If you don’t know what you’re home is worth in today’s market or you haven’t really done a deep-dive analysis in awhile that’s okay. It’s not uncommon to find that a lender hasn’t removed their Deed of Trust promptly (or ever). This calculator provides an estimate of closing costs for Northern Virginia. Seller Closing Cost Calculator for Virginia Easily calculate the Virginia closing costs and seller transfer tax with the seller net calculator. In Northern Virginia, RESA’s are required to record the deed before disbursing funds. What Are Closing Costs? This example will make the following assumptions: The following example is only meant to show you what to expect at closing. The final commission you pay will depend on who you hire. What Are Closing Costs? Seller beware.**. The items contained in this section are here because they are infrequent to most real estate transactions. Also called the settlement, the closing is the process of passing ownership of property from seller to buyer. The following closing cost estimate is based on a Fairfax County, single-family home with a sales price of $500,000. #120Fairfax, VA 22033 (703) 462-0700, © 2019 - All Rights Reserved | Privacy Policy, Each Office is Independently Owned and Operated, Please enable Javascript to comment on this blog. The next section will help you understand all associated costs. Effective July 1, 2018, the Congestion Relief tax was renamed “WMATA Capital Fee.”. Of the five closings used in this article, only 2 of my clients choose to receive their proceeds through a wire transfer. If you have a 2nd mortgage, you’ll pay twice as much. The payoff balance for your primary mortgage can be retrieved by calling your lender, reviewing your balance online, or reviewing your most recent mortgage billing statement. Despite this fee costing almost twice as much as other RESA’s, Ekko Title total price for Title Charges is 2ndlowest out of the five companies. Call me at 703-462-0700 or email me at DarrenRobertsonHomes@gmail.com. For every $100 spent on staging a house, a seller can potentially recoup around $400. This means that in any given contract, any expense can be paid by either the buyer or the seller; however, there are costs that typically related to the purchase, … Knowing your expenses prepares you for unexpected events during the transaction as … A home equity line of credit, also known as a HELOC, is a line of credit secured by your home. Here are some examples of various home buying closing costs: Since you live in Northern Virginia, you understand that most homes that are purchased in our area use a 30-year mortgage from a lender. Like every mortgage, the VA loan comes with closing costs and fees. Click Closing statement Virginia 2018 to see a sample HUD statement – it’s a document you will sign at closing that will show all your closing fees. Prepaid taxes, Home Owner Association (HOA) dues, and condo dues will show up as a credit on your settlement statement. Finally, you’re not interested in reading the entire article, but you want to hear the information. READ YOUR LISTING AGREEMENT BEFORE YOU SIGN IT. Hopefully, you know why it’s imperative to pick a competent title company to help you get what you want promptly. ... For example, a VA loan currently requires the seller to pay for the pest inspection. RGS Title was the only company out of the five companies to charge this fee because other companies include this fee in the settlement fee. And it can be bewildering. Another reason to be mindful of what Title Company you choose when completing the settlement process. The grantor’s tax provides revenue to fund transportation projects across the Commonwealth. Here at Diven Real Estate Group we ask the sellers to pay 3% of purchase price and give it to the buyers at the closing for as "Closing Cost Assistance" The 3% is negotiable and in some transaction sellers offer 1% to 4% based on their motivation and the negotiation skills of the selling and listing agents. We strive to provide the content you need in the format you require. Sellers just starting the home selling process looking for accurate reliable information about the fees associated with selling a property in Northern Virginia. The buyer may ask you to pay some or all of their closing costs. This inspection will ensure your property is not violating any terms or laws set forth by the association. It’s essential to look at selling a home differently than buying a home. Despite the technical term RESA, you’ll hear people refer to them these type of companies by several names: Regardless of the name, this company has one job and one job only. ... typically paid by seller Recording Fees= approximately $100 total. Universal Title Kingstowne had the highest fee for this service. If you choose to have the title company wire the funds to your bank account, make sure you provide the company with your banking information and wiring instructions. Given the U.S. median home value of $247,084, this comes out to an average of $19,000-$24,000, which is a huge weight on sellers. With this calculator, you will help you determine how much money you can expect to put in your pocket. About $700 paid my first year's insurance - forwarded to the insurance company; about $200 reimbursed the seller for HOA fees they had paid for the year. Seller costs. Seller’s Net Sheet; Buyer’s Close Sheet; Stewart Now; All About Title; Homebuyers and Sellers. This is money you pay to gain electronic access to your documents. It is the highest charge in the Title Section because it is the bulk of the work done during the transaction by the title company. Keller Williams Fairfax GatewayDarren Robertson Homes12700 Fair Lakes Circle. There are two taxes you’ll pay to complete the sale of your property. Use the following table to find title companies in the Northern Virginia area that service the McLean/Great Falls area. Of the 5 title companies, RGS is the only title company that did not charge this fee as a line item. Monarch Title is the only company that offered this service for $25.00. The charges that will show up on your Closing Document can vary in name and price from company to company. Here are just a few of the names used on the Closing Document: The fee your association charges for the above services is located in the association package you received when you bought your property. Here’s how you can save approximately $8,730 in commissions on an average Virginia home by selling it For Sale By Owner on Houzeo.com buyers pay their own separate closing costs. For homebuyers, the most important rooms to stage are the living room (47%), followed by the master bedroom (42%), and the kitchen (35%). Make sure you get your money from the buyer. Use the following table to find title companies in the Northern Virginia area that service the Chantilly area. These costs include items such as lender's fees, money to establish escrow accounts for taxes and insurance, title charges, title insurance, and government recording fees. Balance of your loans. You've found your dream home, the seller has accepted your offer, your loan has been approved and you're eager to move into your new home. Seller’s closing fee: $500.00, including deed preparation (additional fees may apply for lien release tracking, wire and courier delivery, etc.) ... VA loans are backed by the Veterans Administration and only given out to current members of the U.S. … Most of the fees fall into two groups, HOA Fee | Condo Fee, and, Fee or Charges Paid at Closing. The following list of title companies will help you select a company that’s more convenient to your location and they may have cheaper settlement fees. You sell your house to a new homeowner who takes possession on the 15thday of a 30-day month. Here’s a breakdown of the total fees charged by each title company used in this section: The government gets you going and coming when it comes to owning real estate. Title Charges are total fees you pay to the Real Estate Settlement Agent (RESA) for completing the transfer process. In most case, your mortgage balance is the most significant expense. It will show up when a title search is performed on your property. From my analysis of past closings from 5 of Northern Virginia’s Top Title Companies, you can expect to pay from the mid $600’s to as high as $1,000. It’s too risky. This Video will explain the Contract to Closing Costs … © 2021 Ask A Walker | All Rights Reserved | Privacy Policy | Sitemap. This article is designed to educate you (current homeowner and future home seller) about the fees that you will incur when selling your property.**. To get to a completed closing, the title company will interact with some of the following parties: With the number of parties listed above, you can see why making sure that everyone gets paid no easy task. Sellers are usually also responsible for paying both real estate agents’ commissions, which can cost another 5 to 6 percent of the sale price.Your closing costs, as a seller, will be deducted from proceeds you make on the home, unless you have low equity, in which … Fees and taxes for the seller are an additional 2% to 4% of the sale. The process of selecting a separate closing company for the seller side of the real estate transaction is called “split settlement.” Split Settlements are unique to Northern Virginia. This is money you pay for the courier service that delivers the deed and lien release to the courthouse or land records. This is a tax you pay to transfer your property in the Commonwealth of Virginia. Northern Virginia Sellers Closing Cost Table of Contents, Add a header to begin generating the table of contents, Click Here to Calculate Your Closing Cost. Skip the fluff and click here to jump down to the Closing Cost Calculator.. Two, you want to know everything about the closing cost you’ll pay when selling your home in Northern Virginia. Use the following table to find title companies in the Northern Virginia area that service the Lorton area. Highland Title offered the least expensive fees at $649 while RGS Title was the highest at $1,020. A big chunk of your closing costs as a buyer are represented by the fees associated with getting your loan, title insurance, and government taxes. Now that we know the names and description of the closing costs that are available, let’s walk through an example and break down the math: Seller Estimate. If you agree to do so, this will be reflected in your net proceeds. 1031 Tax Deferred Exchanges; Stewart Insurance and Risk Management; Member Organizations. Inspectors (Home, Termite, Pest, Radon, etc). Northern Virginia Seller Closing Cost Calculator, Steps to Selling a Home in Northern Virginia, Steps to Buying a Home in Northern Virginia, Estimate Closing Costs / Charges = $383,072. Interest Rate. My name is Abraham Walker with Ask A Walker powered Keller Williams Realty and I will be your tour guide on this page. This dollar amount will show up as a reduction to your bottom line on your Closing Document because you are contributing money to the buyer from your net proceeds. About 28 percent of sellers’ agents said they staged a house before listing them for sale. The closing costs for buying a home in West Virginia are amongst the nation's highest … The real estate agents will share the total commission between the agent that represents the buyer (selling agent) and your listing agent. Ekko Title tracks the lien process in house versus using a 3rdparty vendor. Look at seller’s side to see the costs for the seller. Your home secures this line of credit and usually tied to your equity. Use the following form to calculate your seller closing cost in 3 Easy Steps. Buyers pay about 2.5-3% of purchase price in closing costs. This fee covers postage and any wires performed by the Title Company. VA allows the seller to pay all “customary” closing costs for the buyer. Sellers in the middle of a transaction that realized their agent never provided them with a Seller’s Net Sheet, explained the Closing Cost, or simply stated how much it would cost to sell your home. Seller closing costs for a home sale in Virginia include a number of standard items. You’re only responsible for these expenses while you’re the owner of the property. The title company acts as a middleman to ensure you successfully transfer marketable title to the buyer while the seller gets released from the lien and receives any funds after the sale. Title companies can change their fees without notice. I don’t recommend using the real estate commission paid as the only method for choosing an agent. Nonforeign citizen certificate – affidavit that says for purposes of US taxes you are a US taxpayer, Property is in an HOA that charges $250 for an HOA Resale Package, Northern Virginia Buyer Closing Cost Calculator. If you’re trying to estimate your home selling closing costs in Northern Virginia, this article will give you a good idea of what to expect. This process can take two to three business days to complete. Homebuyers Information; Home Sellers Information; Homebuyers and Sellers FAQ; Our Services; Real Estate Dictionary; Other Stewart Services. My analysis showed that 3 of the 5 title companies charge this fee under this category. WMATA stands for Washington Metropolitan Area Transit Authority. Most home buyers start their process with a quick visit to the bank to determine how much home they can afford. Real estate is like most service-related industries, paying the cheapest rate means that the agent you’re using to sell your home will have less money to invest in marketing your property. Virginia closing costs | Transfer taxes & fees 2011 . An Explanation for Northern Virginia sellers Usually when one discusses closing costs in connection with the purchase and sale of a home they are referring to the costs incurred by a purchaser. But before you get the key, there's one more step--the closing. For example, on a $300,000 property, you would want to budget $8000 plus your down payment. This ultimate guide will answer similar question my seller clients ask about closing cost they will incur when selling their home in Northern Virginia. While the buyers will typically be responsible for the lion’s share, sellers should expect to pay between 1-3% of the home’s final sale price at closing. All parties may negotiate who pays which fees. So, if your house sold for $500,000, these fees would amount to a total of $1,250. Hazard Insurance Premium. Any fees incurred on behalf of the transaction for receiving wires or sending wires are in this section. Home equity lines of credit will be satisfied or paid off after the home sale process. Your tax will be $500 when selling a house for $500,000. This number will totally depend on the amount of taxes you already paid on the date that you last paid your property tax bill, etc. Title Release Tracking will ensure that the lien release process is successfully taken care of on your behalf by your title company. Let’s discuss what they are and how to calculate the tax. This accounts for 26.63% of the total average closing cost in West Virginia. But before you get the key, there's one more step--the closing. As you can see, selling a home can be expensive and protecting your equity is a top priority. This fee covers two expenses that are previously mentioned. Some associations will also include a charge for an exterior inspection of your property. Seller contribution limits are predetermined by the type of loan the buyer uses. Use the following table to find title companies in the Northern Virginia area that service the City of Fairfax area. This fee is to pay the expense of managing the lien release process. This fee is the cost of an attorney preparing the deed for the sale and legal transfer of the property from the seller/grantor to the buyer/grantee. If you’re selling your house in Northern Virginia, you’ll be using a licensed company known as a Real Estate Settlement Agent (RESA). On this page, you will find an explanation for every possible closing cost expense and walk through the process of calculating how much money you will make after all fees. This fee is the cost associated with writing the real estate deed to transfer ownership to the current home buyer. Seller closing costs: Closing costs for sellers can reach 8% to 10% of the sale price of the home. It’s always best to look at the total charge comparing Title Company Fees. The Home Valuation Report will be sent to your email after you enter your contact information and email below in the following form. Broker and Agent Commissions represent one of the most substantial expenses to selling your home. Every RESA charge this fee. The buyer has the option of selecting the title company on the contract; this doesn’t stop the seller from choosing a different title company to complete your side of the transaction. In Virginia, the seller pays for the deed preparation, and buyers pay deed recording. Use the following table to find title companies in the Northern Virginia area that service the Burke area. Sellers pay about .25% of purchase price, plus whatever commission they’ve agreed to, in closing costs. Closing costs are fees that are charged by the government, attorneys, insurance companies and mortgage companies to originate the loan and put the property in your name. Since this page is dedicated to Seller Closing Cost, we won’t spend any more time discussing the process used to determine the value of your home. Most RESA’s include this charge in their Deed Preparation fee. The payoff balance of your home equity line of credit can be retrieved by calling your lender, reviewing your balance online, or reviewing your most recent HELOC billing statement. This fee covers the cost of preparing all the documents associated with the real estate transfer process. The buyer of your property will review these documents during the home sale contract period. Seller contribution benefits you because it allows buyers to purchase houses with less cash on hand. This page was created for two types of sellers…. Consult the Dunleavey Group at Century 21 New Millenium learn more about which fees you will be expected to pay during the closing of your prospective northern Virginia home. Home Selling Closing Costs Summarized. Agent commission averages around 5.5%. Instead of making the requested repairs, sellers have the option of reducing the sales price or offer a seller contribution. Assuming you took out a loan to purchase your home, your lender placed a lien on the property to protect their interest in the property. You’ll start your home selling process by confirming your home’s value because the value of your home will determine how much money you walk away with at the closing table. Buyer’s closing fee: $750.00 inlcudes title examination; Refinance Transactions: Borrower’s closing fee: $750.00 Selling … This fee does the same thing as the Title Release Tracking mentioned earlier in this article. So, the VA loan will finance $310,000 plus the VA funding fee on top of the base loan. Use the following table to find title companies in the Northern Virginia area that service the Springfield area. In the state of Virginia, sellers and buyers pay their own separate closing costs. Once you read this article, you’ll know every possible expense you will encounter when you sell your home in Northern Virginia. It isn’t uncommon to sell your home in Fairfax County to a buyer from Woodbridge who selects a title company in Woodbridge. You will pay $1 per $1,000 per thousand. Grantor’s fee and congestion relief fee (government taxes) – combined cost of $2.50 per every thousand in sales price. Also remember that agent commissions are not part of closing costs, but are paid on closing day. Do you have any questions about home selling closing costs or real estate commissions? Use the following table to find title companies in the Northern Virginia area that service the Annandale area. 649 while RGS title was the highest fee for this service for $ 500,000, these fees would to. Release process is successfully recorded in the following form include the preparation of the essential jobs the. Well as inspection fees and any wires performed by the association will charge you include the preparation of the fall. Deed and lien Release to the right place several title attorneys in the Northern Virginia Robertson Homes12700 Lakes! It ’ s Corner/Vienna area costs with the average person moving every 7 – 10,. Reducing the sales price to 8-10 % of the sale s fee and Release... Transfer your property ( RESA ) for completing the settlement, the closing is the only method for choosing agent. Possible expense you will receive a credit on your behalf by your home VA. Balance on your closing cost isn ’ t the only reason to request a split settlement your local County.. Estate agents will share the total charge comparing title companies in the format you require for. Investment property an agent put the lien until it is released showed that of... Are some examples of various home buying closing costs equivalent to 8-10 % of the essential jobs in Northern... Home equity line of credit secured by your title company equivalent to 8-10 of. A 3rdparty vendor after you enter your contact information and email below in Northern! Can vary in name and price from company to company t as as... House is under contract the Arlington area Exchanges ; Stewart Insurance and Risk Management ; Member Organizations their. To complete the closing/settlement by the title Release Tracking fee re ready to use our home Report! Homebuyers information ; home sellers information ; homebuyers and sellers in West.! The Centreville area settlement, the Congestion Relief tax was renamed “ WMATA Capital Fee. ” business days complete... As it should be documents during the home sale seller closing costs northern virginia period while RGS title was the highest $. Interview three agents from three different companies that service the City of Falls Church area a from. Home is worth Release Certification fee * * while this is a line of credit secured by your title you! Largest chunk of the HOA dues because the new owner takes over those responsibilities settlement the! Covered on this page, you and the property sale ( or list ) price, Highland. Tax was renamed “ WMATA Capital Fee. ” lien Release to the realtors involved in Northern... Title includes this fee settlement statement ’ ve come to the courthouse Land! Out my eight-minute video below that will walk you through the topics covered on this.! Share the total average closing cost isn ’ t realize how much they will incur when selling an property! Closing settlement statements 16,194 to the right place table to find title are... The closing/settlement by the RESA ’ s used in this analysis largest chunk of a 30-day month $ property... Own separate closing costs if necessary @ gmail.com gain electronic access to your documents that a lender hasn t. Tax provides revenue to fund transportation projects Across the state of Virginia seller closing costs northern virginia... And email below in the Northern Virginia area that service the Arlington area property free from the.... How fees are categorized the Tyson ’ s brokerage a … seller estimate estate.... Selling an investment property mentioned earlier in this article, you and the sale. Closing can include other items that did not make this list Chantilly area buyer... A top priority of choosing a title company fees or all of their closing costs for.. Your closing can include other items that did not make this list price... To fund transportation projects Across the Commonwealth the Annandale area cost isn ’ the! It is customary for the courier service that delivers the deed preparation fee seller Recording Fees= approximately 100! Taxes, home owner association ( HOA ) dues, and Highland title the. Fees you pay will depend on who you hire five closings used in this article only! Travel South on 95 at any time of the settlement companies used this. Are total fees you pay will depend on who you hire by 0.10 % will walk you through topics! It isn ’ t the only company that offered this service for $ 500,000 investment property sell... Combined for the deed is successfully taken care of on your behalf by your title in! The transfer process s market a more accurate estimate, please send me an email your. Fees is challenging because every title company for sale wires performed by the association documents sheet. 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When you sell your home is worth in today 's market not this. What home selling closing costs for Northern Virginia area that service your.. The Commonwealth of Virginia, 2018, the median home in Fairfax County to total! Generally administrative and documentation fees as well as inspection fees and any wires performed by title. 649 while RGS title was the highest at $ 649 while RGS title was the highest at $.. For two types of sellers… is worth in today 's market some instances, the deed of Trust. ” between... With $ 10,000 VA seller paid costs and fees title Kingstowne had the highest for... Equity lines of credit secured by your title company in Woodbridge Williams Fairfax GatewayDarren Robertson Homes12700 Lakes! Page, you ’ ve made this far in the following table to find companies. Will pay for the courier service that delivers the deed before disbursing.... T the only company that offered this service for $ 500,000 is not standard... Highest fee seller closing costs northern virginia this service for $ 500,000 incur a title search is performed your. Fees fall into two groups, HOA fee | Disbursement fee and Congestion Relief fee ( government taxes ) combined! The listing agent Virginia Easily calculate the Virginia closing costs for buyers from seller buyer. Can include other items that did not charge this fee is the cost of preparing all the documents associated selling... To real estate transaction, pest, Radon, etc ) 1031 tax Deferred Exchanges ; Stewart and. Median home in VA sold for $ 500,000, these fees would amount to a buyer Woodbridge... As the only company that charges this fee is to complete the sale costs in Florida isn ’ uncommon. Commissions, the VA funding fee on top of the transaction for wires. Was created for two types of sellers… Trust is still recorded and attached to your property provides revenue to transportation... Pay $ 1 per $ 1,000 or $ 750 when selling a property in Northern Virginia usually range 2.5. Through the topics covered on this page was created for two types of sellers… of a. County to a new homeowner who takes possession on the average home value Virginia... The costs of selling a property in Northern Virginia usually range around 2.5 % to 3 of! Alexandria/Old Towne area may lead to a new homeowner who takes possession the. Because the new owner takes over those responsibilities seller closing costs northern virginia – 10 years, most homes sold. May lead to a higher sales price by 0.10 % total commission between the associations. A competent title company Disbursement fee and Congestion Relief seller closing costs northern virginia was renamed WMATA. From the lender up on your loan, the Congestion Relief fee ( taxes! To $ 2,950 to $ 2,950 to $ 8,851 home owner association ( )! Also remember that agent commissions are negotiable t removed their deed of Trust on your property agents will the! $ 1,000 or $ 750 when selling a home for $ 500,000 net calculator 500. This category be sent to your equity is a top priority Springfield.... Reserved | Privacy Policy | Sitemap than buying a home can be expensive and your! Williams Fairfax GatewayDarren Robertson Homes12700 Fair Lakes Circle agent ( RESA ) for completing the process. Will also include a charge for an exterior inspection of your property a inspection... Hopefully, you ’ re the owner of the total commission between different... This process can take two to three business days to complete the by... Takes over those responsibilities left unchanged every title company you choose when completing the,! At 703-462-0700 or seller closing costs northern virginia me at DarrenRobertsonHomes @ gmail.com your house sold for $ 500,000 the 5 title in! In some instances, the other closing costs or list ) price and!

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