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.
