Buying a home in Washington costs more than just the down payment. Before you get the keys, you also pay closing costs. These are fees charged by your lender, escrow company, title company, county recorder, and other parties to finalize the transaction.<\/p>\n\n\n\n
For most Washington buyers, closing costs run between 2% and 5% of the purchase price. On a $450,000 home, that is $9,000 to $22,500. The exact amount depends on your loan type, lender, property taxes, insurance costs, and what you negotiate with the seller.<\/p>\n\n\n\n
Washington has a few rules that make closing costs different from other states. The state charges a Real Estate Excise Tax (REET) when property ownership transfers. Escrow companies commonly handle closings instead of attorneys. Property taxes vary significantly by county. And rapidly growing housing markets around Seattle, Bellevue, Tacoma, Spokane, and Vancouver can affect how buyers and sellers negotiate closing costs.<\/p>\n\n\n\n
This guide breaks down every buyer closing cost in Washington, explains who pays what, and shows you how to reduce what you owe at closing.<\/p>\n\n\n
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