Real Estate Sellers Closing Costs - Summit County, Colorado

Colorado Real Estate - Real Estate Sellers Closing Costs

These fees are automatically assigned to either the buyer or the seller, yet some of the other costs are negotiable and prorated.
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What you should know about closing costs associating with selling a home in Summit County. Summit County Colorado Real Estate Guide

Summit County, Colorado  >  Real Estate  >  What you should know about closing costs associating with selling a home in Summit County.
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What you should know about closing costs associating with selling a home in Summit County.


Seller closing costs

The mortgage may not be completely repaid so the seller is responsible to satisfy the remaining balance of their loan. The original loan will be paid for at the closing before the seller receives any proceeds from the sale. The seller is also responsible for:

  • Both buyer’s and seller’s broker commission
  • Transfer taxes
  • Stamps on the Deed
  • Title Insurance
  • Prorated property taxes (Property taxes come at the end of the year so if the house is sold in June the sellers have lived in the house for 6 months and should be responsible for their portion of those taxes.)

    What Closing Costs are negotiated?

    Sometimes buyers and sellers will assist the purchasing process by negotiating closing costs. For example, if the buyers are concerned about the roof leaking the seller may pay for the house inspection. The buyer may want to pay full asking price as long as the seller pays all closing costs. Make sure that the terms are written down on the purchase agreement!

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