Seller Closing Costs in North Dakota

closing costs in north dakota
Important: The blog article below is informational and should not be deemed as legal advice. Houzeo and its bloggers are not attorneys. For any questions and legal advice, consult a licensed attorney.

How Much are Typical Seller Closing Costs in North Dakota

According to Zillow, the median home in ND sold for $237,454. Here’s how you can save approximately $7,123 in commissions on an average ND home by selling it For Sale By Owner on Houzeo.com

Congratulations! You’re almost done with the final transaction of selling your North Dakota property. However, closing a home deal can’t be that easy. Although this can be the most satisfying experience for you to earn cash, it can be exhausting alone if you don’t have any idea what you are doing. Mind you, North Dakota can be an expensive state. Some numerous regulations and provisions also make it a tedious state.


Did you know Houzeo’s Gold Plan provides relevant Federal and State Seller Disclosures?

3 min Video: How to List Your Home on the MLS by Owner

2 min Video: How to Request Changes to Your MLS Listing

As a Houzeo For Sale By Owner (FSBO) seller, we expect you to go to your closing prepared. Our comprehensive North Dakota Home Seller Guide will help you accomplish exactly that.

In this section, we’ll discuss the key documents and expenses you need to be aware of when closing on a home in North Dakota.

What Are the Different Home Seller Closing Costs in North Dakota?

Here are the typical closing costs in North Dakota,

1.Mortgage Payoff. Any remaining balance and prepayment penalty on your property at closing. The heftiest item on the list of your fees, which includes the recording fee, principal balance, and the interest accrued from the last payment to the closing day—and any penalty fee the lender might have charged you.

2. Real Estate Broker Commissions. Normally, the full-service agents charge an estimated commission of around 6% of your home sale price (but this is still negotiable). The 6% total commission will be divided between the listing broker for 3% and the other 3% is given to the buyer’s agents. However, the agent’s fee still varies with the amount of work or service the client requires. But if you’re selling FSBO via Houzeo, congratulations… You’ve likely saved thousands by paying $0 in listing agent commission! Go on. Pop a bottle of the finest Champagne or Scotch. You deserve it.

3. Property Taxes. The North Dakota average property tax rate is around 1.05%. And also, other fees that all tied into your property such as outstanding payments, prorated property taxes, utility bills, or homeowner’s insurance. The home seller may need to pay the buyer a prorated amount of property taxes—or the buyer may need to credit you.

4. Attorney Fees. The real estate attorney fee usually depends on the level of service you want to be done. Typically, the average costs are paid by the seller and often by the buyer. Furthermore, a real estate attorney is responsible for most legal transactions, and issues regarding litigation or lawsuits.

5. Appraisal Fee. Appraising your home with a professional helps you know the estimated worth of what you’re actually paying. For the buyer, it’s a reasonable choice to get the home appraised. Usually, the fee could cost between $300 to $500.  

6. Home Inspection. Since no home is in perfect condition, you have to conduct a home inspection to ensure there are no major issues that could costs you a lot in the long run. In North Dakota, the average fee for a home inspection is estimated to be $300. Most of the lenders require you to do a home inspection so there are no hidden property defects, pest infestations, and even structural foundation issues.

7. Property Survey. Home surveys in North Dakota usually charge for an estimated $600 fixed fee for residential boundary surveys (up to 1/2 acre) and could range between $400 to $800. It’s typically performed to determine the boundary of your property, and so the buyer could get an assurance of what they’re actually paying for.

8. HOA Dues, Document Fees, and Transfer Fees. If applicable or if the property is under a Homeowner’s Association, the seller must cover other various charges. A list that includes the HOA dies, document fee at the beginning of Escrow, and also a transfer fee at the end of Escrow. To learn more about North Dakota HOA Laws and Resources, you can visit this website here.

9. Other Fees. You’ll have to take into consideration other usual closing costs that can include repair costs, termite inspection fee, remediation, loan closing fee, courier fees, recording fees, document preparation, appraisal fees, or title insurance fees.



How Should I Prepare for My North Dakota Home Closing?

The closing process could take a while. So, make sure all your closing documents and paperwork are ready. Normally, your closing agent will schedule a date for your closing. Read below how to prepare for your closing day.

  1. Read and review your closing documents beforehand. It’s also crucial to read thoroughly the documents in advance to prepare for your closing date. Make sure to review the papers and understand the stated provisions and regulations included in the documents. Here are some of t he most crucial closing documents that you’ll likely to sign during closing.

For properties that are purchased with a mortgage, then you’ll need to have a closing statement that covers the costs in detail. However, if the transaction is all in cash, you have to get the HUD-1. These are crucial documents that you’re being charged for—if any—loan payoffs or the net process you’ll take to the bank. Remember, depending upon how much equity you have in the property, you might be asked to bring a check (or send a wire) on the closing date. Review every amount and make sure the details are correct, especially the inadvertent costs. You’ll be surprised how many times these documents have errors – this is one of the reasons our founder launched Houzeo.

The Deed: It’s a necessary document that allows the legal transfer of property title from the seller to the new homeowner. Remember to review the documents in details, verify the information——including the legal description of the property, the deed book, the deed book page, and the Property Identification Number (PIN), if there is any.  We know of a case where a Seller sold a $94,000 property, but the deed also legally transferred over the Seller’s 5 other homes worth $680,000 over to the Buyer. There was a huge scramble post-closing to correct this mistake. It could have been a nightmare for the Seller if the Buyer didn’t honestly transfer the rest of the properties back to the Seller.

  • Statement of Closing Costs: This statement summarizes all the expenses involved in the transaction, including the title search and the title insurance premium. Typically, the buyer will pay the insurance premium, while the other fee could be negotiated with both the buyer and seller. You’ll get the estimated fee once you’ve chosen a title company.
closing costs in north dakota

2. Don’t hesitate to ask questions. Never forget that you’re paying your real estate agent and attorney. So, it’s okay to ask questions if you don’t know the right answer. And most importantly, contact your real estate attorney before the closing day and ask about the legal issues concerning your property.

3. Bring your official Identification. Since there will be a licensed notary present during the closing day, you need to bring two forms of official ID to verify your identity. Don’t forget to take a valid passport or a driver’s license to submit. Also, bring a secondary ID for emergency purposes. If you aren’t quite sure what to bring, here’s our quick list you should bring during the closing day.

  • Deed of your home if your own it outright
  • Government-issued photo (driver’s license and passport) of all sellers on the home contract
  • Access information, main keys and also security codes of your property
  • Repair documentation you’ve made per home inspection
  • Your lucky pen to sign papers

Now you’re ready! You might’ve heard horror stories of people being blindsided by high closing costs in North Dakota – but that’s often the result of not preparing and educating themselves ahead of time. If you are a Houzeo For Sale By Owner Seller in North Dakota, we want you to be one of the most educated home sellers out there. Next step, log on to Houzeo.com and list your home for sale by owner. You’ll be in full control of your listing, and save thousands in the process!

Note: This is only a quick guide for all the sellers in North Dakota. Despite most information readily available online, seeking expert advice helps progress the process of selling a home.


Did you know Houzeo’s Gold Plan provides relevant Federal and State Seller Disclosures?


4 min video: Learn How to Submit & Review Offers on Houzeo


Related Keywords: closing cost estimator, how much are closing costs in nd, north dakota real estate commission, north dakota real estate, nd real estate license, real estate license nd, nd real estate rea lestate commission nd, sell your home, property taxes, sale by owner, pay closing costs, title insurance, price of the home, sellers pay, expect to pay, title company, agent commissions, transfer taxes and recording fees, transfer taxes, attorney fees, responsible for paying, purchase price, real estate attorney, title search, buyer and seller, real estate agents, real estate agents commissions

Closing Flat Fee MLS For Sale By Owner North Dakota Sellers Guide States