North Carolina Seller Closing Cost Calculator
Easily
estimate the North Carolina home seller closing costs and seller "net"
proceeds with this calculator. Just enter the sale price, and then enter
the various closing costs; including the seller paid closing costs (if applicable).
Please send me an E-mail if you see an
error or want to make a comment.
Realtor® Commission - Flat dollar amount* - If the commission is a flat dollar amount (i.e. $6,000), enter that amount in the adjacent box. The cost will override the percentage calculation. If the split-commission calculator is used below, the calculation will override both the percentage and flat dollar commission. Be sure to tick the box to add to total for this feature to work.
Seller Cost Contribution - If the seller is paying a flat dollar amount toward the seller assist, enter the cost in the adjacent box. The cost will override the percentage calculation. Make sure you are within the maximum allowable cost for a seller assist. Learn more about seller paid closing costs
split-commission Calculator - The split-commission calculator will estimate the commission when the commission is "split" between two percentages. If the commission is calculated on a split-commission percentage, make sure you tick the "ADD TO TOTAL" to Yes.
Frequently Ask Questions About North Carolina Closing Costs
What costs do sellers pay to sell their home?
Closing costs for the home seller in North Carolina are very reasonable compared to other states. The largest cost(s) will be the real estate agent's commission and any seller paid closing costs for the buyer, if applicable.
The State of North Carolina charges an excise (transfer) tax
on home sales of $2.00 per $1,000 of the sales price. The excise
tax is usually paid by the home seller, but payment is dictated
by the sales contract.
In addition to the excise/transfer tax, seven coastal counties;
Camden, Chowan, Curritick, Dare, Pasquotank, Perquimans, and Washington
charge a land transfer tax of 1% of the sales price for homes located
in these North Carolina counties. For example, a home with a sales
price of $200,000 would incur a land transfer tax of $2,000 ($200,000
X 1% = $2,000).
Real estate tax proration for North Carolina home sales
The real estate taxes will be "prorated" based on the number of days that the seller has owned the property during the current calendar year. If the real estate taxes have not been paid for the current year, the seller will owe the buyer the taxes for the time the seller occupied the property. On the other hand, if the taxes have been paid for the current year, the buyer will reimburse the seller for taxes paid during his or her's ownership. Read more about the NC tax proration