Closing Costs for Sellers in the DMV: A Local Breakdown
What are the closing costs for sellers in the Washington DC Region? If you’re thinking about selling your home in DC, Maryland, or Virginia, it’s important to understand exactly what fees will be deducted from your proceeds at settlement.
Too often, sellers focus on the listing price and forget about the behind-the-scenes costs that come with closing a real estate transaction. In this blog, trusted Washington DC Realtor Dan Wheeler breaks down typical seller closing costs so you know what to expect, how to plan, and how to protect your profits.
What Are Closing Costs for Sellers?
Closing costs are the collection of fees and charges that are paid when a real estate transaction is finalized. While buyers typically cover the bulk of closing costs, sellers are responsible for several key expenses too.
Working with a DMV Region real estate agent like Dan Wheeler ensures you understand each fee, avoid surprises, and can estimate your bottom line with confidence.
Typical Seller Closing Costs in the Washington DC Region
Here’s a breakdown of the most common seller-paid closing costs in DC, Maryland, and Virginia:
1. Real Estate Agent Commission
- Amount: 5%–6% of the home’s sale price, usually split between listing agent and buyer’s agent
- What It Covers: Marketing, staging guidance, negotiation, transaction coordination, paperwork, and more
- Negotiable: Dan Wheeler provides full transparency and helps sellers maximize their return
2. Transfer and Recordation Taxes
- DC: Typically 1.45% of the sale price
- Maryland: Often split between buyer and seller; varies by county
- Virginia: Usually lower, but still significant
- Dan’s Advantage: He helps sellers understand jurisdiction-specific requirements and how these taxes are typically handled in negotiations
3. Title Company Fees
- Range: $800–$2,000
- Includes: Title search, settlement processing, deed preparation, and notary services
- Who Pays: Customarily split in many areas, but terms can vary based on your location and buyer negotiation
4. Lien Payoffs and Mortgage Balances
- If Applicable: Any outstanding loans, HELOCs, or tax liens must be paid at closing
- Action Item: Request a mortgage payoff letter early in the process
5. HOA or Condo Transfer Fees (If Applicable)
- Range: $250–$500
- Covers: Transfer of documents, resale packages, and account setup for the buyer
6. Repairs or Buyer Credits
- Variable: May be negotiated after inspection
- Examples: Repair credits, cash at closing, or contributions to buyer’s closing costs
- Dan’s Role: He negotiates to protect your bottom line and minimize out-of-pocket costs
7. Settlement Charges and Administrative Fees
- Charged by Title or Escrow Company: May include wire fees, document prep, and courier services
- Range: $150–$500 depending on the provider
Less Common (But Possible) Closing Costs
- Home Warranty (if offered): $400–$700
- Attorney Fees (if required): Some sellers hire an attorney to review contracts
- Prepayment Penalty: Some older mortgages include this fee—check with your lender
Pro Tip: Every closing statement is different. Dan Wheeler provides all of his sellers with a customized Seller Net Sheet to outline their expected closing costs and net proceeds.
Real Examples From Around the DMV
- A $700,000 rowhouse in Petworth (DC): Estimated seller closing costs =
~$45,000 (includes commission, taxes, and title fees) - A $500,000 townhouse in Silver Spring (MD): Estimated seller closing costs =
~$32,000 - A $900,000 single-family home in Arlington (VA): Estimated seller closing
costs = ~$58,000
These are estimates. Your actual numbers will vary based on your contract terms and jurisdiction.
Why Work With Dan Wheeler?
Dan Wheeler is more than just a Realtor—he’s a strategic advisor for home sellers throughout DC, Maryland, and Virginia. He helps you:
- Understand all fees before you list
- Negotiate smart to reduce costs
- Maximize your net proceeds at closing
With years of experience and deep local knowledge, Dan provides clear answers, straightforward advice, and a stress-free selling experience.
Final Thoughts: Know Before You Close
The key to a profitable home sale is understanding your expenses early. With Dan Wheeler’s guidance, you can prepare for closing costs, avoid surprises, and keep more of what you’ve earned.
