Typical Closing Costs
Sales Commission
- Typically 5%
State Conveyance Taxes
- The State Conveyance Tax is 0.75% of the sales price for properties with a sales price that is $800,000.00 or less.
- For a property with a sales price of $2,500,000.00 or less the first $800,000.00 is taxed at 0.75% while the portion that exceeds $800,000.00 is taxed at a rate of 1.25%.
- For a property with a sales price in excess of $2,500,000.00 the first $800,000.00 is taxed at 0.75%, the portion that exceeds $800,000.00 up to $2,500,000.00 is taxed at a rate of 1.25% and the portion that exceeds $2,500,000.00 is taxed at a rate of 2.25%.
Municipal Conveyance Tax
- The town of Greenwich collects 0.25 percent of the selling price of each property in conveyance tax.
Mortgage Payoff
Attorney Fees
- Range is $3,000 – $5,000
Recording Fees
- Average cost is $200
Building Inspection Repairs
- If needed