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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
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