Understanding Closing Costs for Sellers in Connecticut

Selling your home in Connecticut, Fairfield County, or Norwalk? While you may focus on your sale price, it's important to understand closing costs, which can impact your final profits. At SJH Real Estate Team, we help sellers navigate these expenses so there are no surprises at closing.

What Are Seller Closing Costs?

Closing costs are fees paid at the end of the home sale. In Connecticut, sellers typically pay 6-10% of the home’s sale price in closing costs.

Common Closing Costs for Sellers in CT:

✔ Realtor Commissions – Typically 5-6% of the sale price, split between the buyer’s and seller’s agents.
✔ State & Local Conveyance Taxes – Connecticut sellers pay a state tax (0.75-2.25%) plus possible local taxes.
✔ Attorney Fees – A real estate attorney is required in CT for closing (costs vary).
✔ Title Search & Settlement Fees – Ensures the home is legally transferred to the buyer.
✔ Outstanding Liens or Mortgage Payoff – Any remaining mortgage balance must be settled at closing.
✔ Buyer’s Closing Cost Credits (if negotiated) – Some sellers offer credits to cover buyer expenses.

How to Reduce Closing Costs?

💰 Price your home strategically to maximize profits.
💰 Negotiate with buyers to minimize seller-paid credits.
💰 Work with an experienced real estate team to ensure a smooth closing.

✅ Thinking of selling in Norwalk or Fairfield County? Let SJH Real Estate Team guide you through the process and maximize your bottom line! 📞 Contact us today!

#ClosingCosts #FairfieldCountyRealEstate #SellMyHome #NorwalkCT #SJHRealEstate