Closing costs in Washington D.C. typically range from 2% to 5% 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 Washington D.C.:
- Transfer tax: 2.55% of the sale price (split between buyer and seller)
- Title insurance: $300 to $400
- Recording fees: $20 to $35
- Attorney fees (if using an attorney): $500 to $1,000
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.