Buying a home in Vermont costs more than just the down payment. Before you get the keys, you also pay closing costs. These are fees charged by your lender, closing attorney, title company, town clerk, and other parties to finalize the transaction.<\/p>\n\n\n\n
For most Vermont buyers, closing costs run between 2% and 6% of the purchase price. On a $400,000 home, that is $8,000 to $24,000. The exact amount depends on your loan type, lender, property taxes, title fees<\/a>, transfer taxes, and what you negotiate with the seller.<\/p>\n\n\n\n Vermont has a few rules that make closing costs different from other states. The state charges a Property Transfer Tax that is commonly paid by the buyer. Transfer tax rates vary depending on whether the home will be the buyer’s primary residence. Vermont also applies a Clean Water Surcharge to many transfers. And rural properties often require additional inspections for wells, septic systems, or private roads.<\/p>\n\n\n\n This guide breaks down every buyer closing cost in Vermont, explains who pays what, and shows you how to reduce what you owe at closing.<\/p>\n\n\n \n Instant Valuation, Confidential Deals<\/span>\n with a Certified iBuyer.com Specialist.<\/span><\/span>\n <\/p>\n <\/div>\n\n