How much does it cost to buy a house in Skagit County? When a buyer purchases a property (land, house, condo, etc.) in Skagit County using the standard real estate forms the buyer is required to pay half of the escrow fee and provide a title insurance policy insuring the lenders interest in the exact amount borrowed. The following are the cost associated with both buying and selling a $300,000 house in Skagit County.
$300k house purchase the buyer's costs would be:
$750 escrow charge
$865 title insurance if buyer puts $50,000 down ($0 if buyer pays cash).
$50 recording fee
Plus any lending fees associated with the purchase
$300k house purchase the seller's costs would be:
$750 escrow charge
$965 title insurance in favor of the buyer for the full purchase price
$50 recording fee
$5,340 excise tax to the State of Washington
$9,000 buyer's agent commission (3%)*
$9,000 listing agent commission (3%)*
*All commissions in the State of Washington are negotiable, but in life you usually get what you pay for.
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Ryan Martin, Windermere Real Estate
Your Bellingham real estate agent
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