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What Are Charlotte NC Home Sellers Closing Costs?

January 07, 2019

Post by: Nancy Braun, Showcase Realty


The seller’s closing cost

Your Charlotte NC home-selling journey ends at the closing. You are probably looking forward to it, thinking of how much profit you’ll reap from the transaction. Before you get carried away computing your returns, don’t forget that you have to pay the seller’s closing cost.

Whether you are selling or buying a home in Charlotte NC, there are always closing costs associated with any real estate transaction. Closing costs are the amount required to pay for the assistance of any third party in your home selling process. Closing costs vary depending on your location, but generally, it’s about 7% - 8% of the home’s final price.

That’s a huge amount taken off from your profit. However, buyers pay a bigger closing cost. You as the seller, on the other hand, have less closing cost to pay but will have to pay the agent’s commission which is 4% - 6% of the home’s settlement price.


What’s included in the seller’s closing cost

Here are the fees included in your closing cost:

  • Attorney closing fee - This is the cost you have to pay the attorney you used for settlement. In some cases, buyers and sellers have separate legal representatives, but in most cases, only one attorney is used.
  • HOA Transfer fee - If the home happens to be a part of a homeowner’s association, you’ll have to deal with the transfer fee. This fee covers the management’s time, document preparation and distribution of the subdivision’s rules and regulation. This is going to be prorated between you and the buyer.
  • Escrow fee - This is the fee that goes to the third party that helps mediate or hold the fund. There is no set amount for the escrow fee as it usually depends on the company.
  • Title Insurance - This is the fee for the owner’s title policy. The buyer will have to pay for the lender’s title policy.


  • Prorated Property Taxes - This is the tax you pay for the days you owned your home. It is computed at the end of the year, so your payment is dependent on the date your home is sold. It is prorated between you and the buyer.
  • Mortgage Interest - If you took out a mortgage to buy the home, chances are you haven’t paid it fully. You’ll be required to pay the balance due on your mortgage.
  • Miscellaneous Fee - This is also sometimes known as the recording fee. It is a combination of the different payments for the government transactions, courier fee, etc.
  • Commission - The biggest chunk of payment goes to the seller’s agent. It ranges from five to eight percent, usually averaging at six percent. If your home sold for $350,000, you’ll have to pay your agent the commission of $21,000.

These are most of the fees you have to pay at closing of the sale of your home in Charlotte. In most cases, your agent will take the time to sit and discuss it with you at the beginning of the transaction so there will be no confusion or surprise when the time comes.

You don’t even have to worry about bringing cash to the closing. All these fees will be taken off your profit.


Call me, Nancy Braun, at (704) 997-3794. Let me help you have a successful estate home selling transaction.


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