The biggest closing costs typically paid by sellers in Connecticut are:
- Real estate commission:This is the fee paid to the real estate agent who represents the seller. The commission is typically 3-6% of the purchase price.
- Attorney’s fees:This is the fee paid to the attorney who represents the seller. The attorney’s fees will vary depending on the complexity of the transaction, but they are typically $1,000-$2,000.
- Title search:This is the fee paid to the title company to search the title of the property to make sure there are no liens or other encumbrances. The title search fee is typically $200-$500.
- Appraisal:This is the fee paid to the appraiser to value the property. The appraisal fee is typically $300-$500.
The seller may also be responsible for paying other closing costs, such as transfer taxes, recording fees, and homeowners insurance.