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Costs of Selling

Real estate commission (buyer's agent)
Real estate commission (seller's agent)
State excise tax
Title insurance
Deed recording fee
Escrow fee
Pro-rated property taxes

In the examples below, we’ll use a house that sold for $600,000.

  • Real Estate Commissions: The seller negotiates the commission when they list their home. Generally, the total commission is 6% of the sales price. Half goes to the listing agent, half goes to the selling agent. The seller usually pays the commission at the time of closing, and the money comes straight out of the proceeds from the sale.
    • $36,000 total ($18,000 to seller’s agent, $18,000 to buyer’s agent)
  • State Excise Tax: The state puts a 1.78% tax on all real estate transfers. This tax is calculated on sale price.
    • $10,680
  • Title Insurance: Title insurance protects all parties if a future claim is made against the property. The seller purchases one policy to protect the buyer, and the buyer purchases a different policy to protect the lender.
    • $1,123
  • Deed Recording Fee: Normally, King County charges $99 to record the deed. Depending on other required paperwork, this cost can rise higher.
    • $99
  • Escrow Fee: An independent third party charges an escrow fee to close the transaction. The buyer and the seller share this fee.
    • $1,020 (Buyer pays an additional $1,020)
  • Pro-rated Yearly Property Taxes: The homeowner pays annual property taxes twice a year in October and April. The escrow company pro-rates the taxes for the closing date to ensure that neither the buyer nor the seller overpay. This cost will vary depending on when and where you sell. As a general guide, the 2019 King County annual property tax rate is 0.99%.
    • Varies wildly
Sale price
Net proceeds

Adding up our example home sale:

  • Sale price: $600,000
  • Fees: $48,922 (plus property taxes)
  • Net proceeds: $551,078 (minus property taxes)
  • Sarah Donaldson
    Sarah Donaldson
    18:44 18 Jul 19
    Darcie was such a joy to work with. She felt like family during the sale of our house and the search for our new home. We may have found our forever home, but if we ever need a Realtor in future, Darcie from Real Estate Gals will be our first call.
    Brian Heagler
    Brian Heagler
    16:55 02 Jun 19
    I have worked with Johnine and her team for 19 years and have always received personal, knowledgeable and professional service and attention! There is never and pressure and they will guide you away from a property when appropriate, which is always appreciated when a market is hot and the tendency is to move quickly. I trust them and have never been let down!
    Anne Slater
    Anne Slater
    18:03 25 May 19
    Johnine Larsen is fabulous! She listened and came up with ways we could get what we wanted in a house and stay within our limited budget. When we found the house we wanted, she moved super fast to get the house inspected and implemented creative ideas to make our offer appealing. And out of 13 offers, we were selected and got our house. I recommend her to anyone buying a home.
    Amy Burdick
    Amy Burdick
    19:13 24 May 19
    Real Estate Gals made sure we found our perfect house! Then, when we were up against other bidders, Johnine worked tirelessly to ensure we were tops! Her extensive real estate experience combined with exceptional character and integrity provided peace of mind throughout the process. She also made sure we received the right value as a seller and got the transaction done quickly and efficiently. Simply stated: there is nobody better to help you find your dream home.
    Bill Hollman
    Bill Hollman
    22:21 19 May 19
    I'd give Real Estate Gals 6 stars if I could. We have used them multiple times, both in selling and buying homes in Seattle and the surrounding area. I can't say enough about the professionalism, knowledge, and patience they bring to the task of buying a new home, or selling your current residence. And they know the Seattle area so well, they'll offer valuable insights into the pros and cons of any location you may be to considering. Look no further, call Johnine at Real Estate Gals. You will be glad you did!
    Beth Guerra
    Beth Guerra
    01:14 18 May 19
    Johnine was a breath of fresh air in the real estate market. She listened intently to our wishes and goals, and was tireless in her search for our perfect house. She is well versed in both Seattle and the surrounding areas. She made sure all the details were taken care of after the inspection, and made the closing process seamless. She even gifted us with a housewarming present. Nearly 7 years later, we still receive holiday cards and well wishes. I highly recommend Real Estate Gals and will look no further in the future.
    Aidan Key
    Aidan Key
    15:44 17 May 19
    Johnine and the Real Estate Gals brilliantly took us through the home buying process two different times. Their willingness to educate (I was new), hear our home hopes, and support us through the process are a few of the reasons that I highly recommend this team. Speaking of a team, I love their collaborative business model - it meant that we--the home buyers--always had a returned phone call and an ability to look at a house on OUR schedule. Truly felt like they place the customer first!
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