Who pays closing costs in Rhode Island?

Both the parties i.e., the buyer and the seller have to pay their respective closing costs in Rhode Island. Seller closing costs mainly include agent commissions, home inspection, and some other fees, all of which could sum up to 5%-10% of the property’s sale price. The buyers have to pay their closing costs as well which are mostly mortgage-related and could sum up to 3%-4% of their loan amount.

Do sellers pay closing costs in Rhode Island?

Yes, sellers do pay closing costs in Rhode Island. If you are a home seller in Rhode Island then you can expect to pay anywhere between 5%-10% of your home’s sale price as of closing costs. However, you can save thousands of dollars by listing your home on the Rhode Island MLS with Houzeo’s Flat Fee MLS Rhode Island packages.

What does the seller pay at closing in Rhode Island?

As a home seller in Rhode Island, your closing costs will mainly include real estate agent commissions, outstanding amounts owed on the property, prorated property taxes, settlement fee, title search, municipal lien search, HOA estoppel, documentary stamps on the deed, title insurance, etc.

How do you calculate the seller's closing costs in Rhode Island?

To calculate seller closing costs all you need to do is input the relevant details in Houzeo’s Closing Costs Calculator and you will have your estimated closing costs with just a few clicks.

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