What are the Typical Closing Costs for Seller in Utah? 1. So, if you are selling a house in Utah, you may have to pay $44,500 to $55,500 as closing costs. Let’s put this in perspective! The typical home value in Utah is $557,171. The closing cost in Utah for sellers is approximately 8%–10% of the home’s agreement value. Hiring an experienced real estate agent can help reduce your closing costs. So, it’s important to seek professional advice. As such, you need enough equity to cover some of the expenses.Ī real estate agent will know who typically pays what for the closing costs in your local area. Most of the closing costs for seller in Utah will be deducted from the proceeds you get from the property. However, you must pay closing costs like taxes charged by your state or local jurisdiction. This includes the commission of the listing and buyer’s agent.Īs a seller, you can negotiate some closing costs with the homebuyer. The estimated seller closing costs for Utah could reach up to 8% to 10% of the final sale price of the home. □ CALCULATE YOUR CLOSING COSTS Who Pays Closing Costs in Utah?īoth, the buyer and seller, pay the closing costs. Due to different fees and statute requirements, closing costs vary in municipalities and states.Typically, in Utah, the closing process is managed by an escrow company, a title company, or the lender.The seller and the buyer have to pay specific closing costs.Closing costs are separate from the price of the property.
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