Closing Costs in Washington:
Closing costs in Washington typically range from 2% to 5% of the sale price for both buyers and sellers. These costs cover various expenses associated with finalizing the sale, such as:
- Real Estate Excise Tax (REET): Paid by the buyer (unless negotiated differently)
- Title insurance: $300 to $400 (buyer)
- Recording fees: $20 to $35 (buyer)
- Attorney fees (optional): $500 to $1,500 (either party)
- Other fees: Inspections, surveys, loan origination, etc. (variable)
The specific costs will vary depending on the individual transaction and the services used. Consulting with relevant professionals like title companies and real estate attorneys is recommended for a more accurate estimate based on your specific case.