Closing costs in Kentucky typically range from 2% to 6% of the sale price of the property. These costs cover various expenses associated with finalizing the sale, such as transfer taxes, title insurance, recording fees, and attorney fees.
Here is a breakdown of the average closing costs in Kentucky:
- Transfer tax:50% to 1.00% of the sale price (paid by the seller)
- Title insurance: $300 to $400
- Recording fees: $20 to $35
- Attorney fees (if using an attorney): $500 to $1,000
- Marketing expenses: $100 to $500
Please note that these are just averages, and your actual closing costs may vary depending on several factors. It is best to consult with an experienced real estate attorney or title company to get a more accurate estimate of your closing costs.