9 min read May 19, 2020

What Are the Seller Closing Costs in Washington State?

closing costs in washington state
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 Washington

According to Zillow, the median home in WA sold for $428,896. Here’s how you can save approximately $12,867 in commissions on an average WA home by selling it For Sale By Owner on Houzeo.com

Congratulations! You’re now almost complete in the process of selling your home. And that alone is worth celebrating. Closing on a home can be one of the most rewarding yet stressful experiences for you as a homeowner. But if you’re well aware of what to do and what to bring, you’re one step closer to closing the deal. Take note that there are various real estate statutes to be familiar with—and it can take a lot of time and effort to do it.

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


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

What Are the Different Home Seller Closing Costs in Washington?

Here are the typical closing costs in Washington,

1.Mortgage Payoff: This is any remaining balance, or prepayment penalty, on your property at closing. This is the most likely biggest item on your list of fees. This includes the recording fee ($150), origination fees (cost varies), discount points (cost varies), flood certification ($15 to $17), credit report processing ($25), appraisal fee ($375), principal balance, interest accrued from the last payment to the day of closing, and any penalty that the lender might charge you.

2. Real Estate Broker Commissions: In the state of Washington, professional real estate agents usually charge a commission of around 6% of the home sale price. However, this commission is still negotiable. In a typical 6% commission, the listing broker is paid for 3% and the other 3% is given to the buyer’s agent. Nevertheless, the commission fee can still vary depending on the level of service or work 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.

2. Real Estate Broker Commissions: In the state of Washington, professional real estate agents usually charge a commission of around 6% of the home sale price. However, this commission is still negotiable. In a typical 6% commission, the listing broker is paid for 3% and the other 3% is given to the buyer’s agent. Nevertheless, the commission fee can still vary depending on the level of service or work 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.

4. Attorney Fees: This varies entirely of the amount of work and what type of home is being sold. A real estate attorney is responsible for all legal transactions, and also to help avoid lawsuits or litigation.

5. Home Inspection: Before closing a home sale, the buyer usually hires a professional home inspector. Although most lenders require it to make sure no hidden defects and issues are lying around in the property waiting to be found. An average Washington home inspection would usually cost around between $400 and $600.

6. Property Survey: Home surveys in Washington can usually range between $345 and $675, as it also varies on the geographical location, the lot size, and the lot’s age. 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.

7. HOA Dues, Document Fees, and Transfer Fees: If the property falls under a Homeowners Association, you may be subject to various other charges. These include HOA dues, a document fee at the beginning of Escrow, and a transfer fee at the end of Escrow.

9. Other Fees: You’ll have to take into consideration other usual closing costs that can include loan closing fees, moving expenses, state excise tax (1.78% of the home’s total sale price), document preparation, etc.



How Should I Prepare for My Washington Home Closing?

Closing a home is never an easy undertaking and could take a while. First, you need to process the paperwork and documents needed. Then, your closing agent will schedule a date for your closing. Read here on how to prepare for your closing day.

1. Review Your Closing Documents in Advance: Before the scheduled closing date, it’s important to prepare all your closing documents beforehand. Review the document thoroughly and understand the provisions and regulations stated. Here are some crucial documents that you’ll likely to sign during closing:

Before your scheduled closing day, you must prepare all your closing documents. Review the paperwork thoroughly and re-examine the provisions and regulations stated in the documents.

You will need a closing disclosure that contains the costs in detail if your property is purchased with a mortgage. On the other hand, if it’s all completely cash, you need to complete the HUD-1 (though it’s uncommon these days). These are all vital documents that summarize the certain amounts you’re being charged for, loan payoffs if any, and 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. Ensure there are no typos in your name, address, property address, bank info, and other details. Then review every amount and the totals to ensure there are no mathematical errors or 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.

seller closing costs in washington state
  • 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.

2. Don’t Hesitate to Ask Questions. If you’re not familiar with how the closing process works, you need to schedule an appointment beforehand with your closing agent. So before the said closing date, you know the essential things to bring and have questions you’re not quite sure of. And most importantly, talk with your real estate attorney regarding the legal transaction issues and paperwork.

3. Bring TWO Forms of Official ID: A licensed notary will be present during the home closing. Bring your valid driver’s license or passport for identification purposes. Carry a secondary I.D. as well, just in case. Here’s a quick list of the things you need to bring during the closing day.

  • Government-issued photo identification of all sellers on the home contract
  • Any questions you have regarding your closing statement
  • The deed of your home if you own it outright
  • Access information, main keys and security codes for your home
  • Documentation of repairs you’ve made per the home inspection
  • Your lucky pen for signing papers.

Now you’re ready! You might’ve heard horror stories of people being blindsided by high closing costs in Washington – 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 Washington, 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 Washington. Despite most information readily available online, seeking expert advice helps progress the process of selling a home.



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