Biggest Closing Costs Paid by Sellers in Utah:
1. Agent Commissions (if using a real estate agent): This is typically the largest expense for sellers, ranging from 5-6% of the sale price. It’s split between the listing agent and buyer’s agent.
2. Title Insurance for the Buyer: While not directly paid by the seller, this cost indirectly impacts them. Title insurance for the buyer typically costs $300-$400 and is often factored into the seller’s net proceeds.
3. Recording Fees: Paid to the county recorder’s office for recording documents like the deed transfer, these fees typically range from $20-$35 and are usually the seller’s responsibility.
4. Attorney Fees (if using an attorney): Though not mandatory, attorney fees for sellers range from $500-$1,500 and can cover contract review, negotiation support, and closing guidance.
5. Other Fees: Depending on the transaction and property, sellers may incur additional costs like property inspections, surveys, and outstanding liens or debts.