Winston Salem | Wondering what Closing Costs look like?

Let us help with you by providing an cost analysis for you.

 

In North Carolina, closing costs for a real estate transaction typically run about:

NOTE FROM Roby!   Your lender will provide a good faith estimate to narrow down this estimate.  For Cash buyers, the amount is significantly less.  

⭐ Buyer Closing Costs in NC

Estimated range: 2%–3% of the purchase price

For a $400,000 home, buyers often pay $8,000–$12,000 in total closing costs.

What buyers usually pay for:

• Lender fees (origination, underwriting)

• Appraisal: $500–$800

• Credit report: $30–$50

• Attorney fee / settlement fee: $800–$1,500
  (NC requires attorney closings)

• Title search: $300–$500

• Title insurance (lender’s policy): $300–$800

• Recording fees / government taxes: $100–$200

• Escrows for taxes & insurance (varies)

• Homeowner’s insurance premium: $1,000–$2,000 (first year)

• Prepaid interest depending on closing date

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⭐ Seller Closing Costs in NC

Estimated range: 5%–7% of the sale price

This is largely because sellers typically pay the real estate agent commissions.

For a $400,000 home:

• Typical commission  $4,000–$10,000  Ask Me about the New laws regarding commissions.

• Plus seller attorney fee: $800–$1,200

• Excise tax (NC transfer tax): $1 per $500 of sale price
  → For $400,000 = $800

• HOA resale package, if applicable: $150–$500

• Repairs or concessions, if negotiated

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📌 Quick Reference Table

Type	Typical % of Price	Typical Dollar Range (for $400k sale)
Buyer closing costs	2–3%	$8,000–$12,000
Seller closing costs	Ask Roby

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If you want…

I can calculate estimated closing costs for your exact scenario—just tell me:

• Purchase price

• Loan type (conventional, FHA, VA)

• Down payment %

• County (affects taxes & fees)

Would you like a personalized estimate?   Contact me with no obligation!