Seller Closing Cost Calculator for Georgia (2022 Data)

Written by Elizabeth BoydOctober 21st, 20225 minute read

Jump to section: Georgia seller closing cost calculator | Georgia closing cost estimator breakdown | How to save on Georgia seller closing costs | FAQ

Seller Closing Cost Calculator for Georgia

Estimate your closing costs and net sales proceeds with our Georgia seller closing cost calculator.

Many factors can impact exact pricing and the closing costs you’ll pay. Fees and realtor rates vary depending on your market, county, home sales price, and property taxes.

💰 Quick Tip: The best way to save on closing costs is to lower your realtor commission rate, which is the biggest closing cost by far. Find your realtor through Clever's free agent matching service, get pre-negotiated low rates, and save up to 50%. Learn more

Georgia seller closing cost calculator

Georgia closing cost estimator breakdown

🔍 Closing cost
📊 Average rate
💰 Amount*
5.76%
$18,400
N/A
$300–$600
0.10%
$319.50
varies
varies
0.365%
$1,165
up to 6%
up to $19,166
varies
varies
Amount calculations based on the median home sales price in Georgia of $319,431.[1]

Realtor commission fees (5.76%)

Realtor fees are the seller’s responsibility. Traditional real estate agents on both sides of the transaction usually charge between 2.5–3% in commission for a total expense of 5–6% in realtor commission fees for the seller. In Georgia, the average total rate is 5.76%.

💰Want to save on commission?

Clever Real Estate can match you with top-rated local agents. You'll enjoy excellent service while paying just 1% commission. The average seller saves $9,000 with Clever!

» MORE: Learn how realtor commissions work

Home warranty ($300–$600)

Protecting your home’s major systems and appliances is a great preventative measure when selling an older home. You can purchase a seller’s home warranty offering coverage while your house is on the market to safeguard your finances in case of an unexpected issue. Sellers may purchase a buyer’s home warranty as a selling incentive, as it protects the new owner for the first year of ownership.

Georgia transfer tax (0.10%)

Many state and local governments nationwide impose taxes on most real property transfers to help fund their functions, services, salaries, or other expenditures. In Georgia, the effective rate is 0.10% of the home’s value when it exceeds $100,000. The actual charge is $1 on the first $1,000, then $0.10 per every $100 (or portion of $100) of the remaining sale price.[2]

For example, the transfer tax on a $319,431 home is $319.50.

Real estate tax proration

Georgia homeowners pay their property taxes at the end of the calendar year. The bill, covering taxes for the current year (January through December), is generally due on December 20 of the effective year. You’ll need to bring funds to cover the prorated tax amount through the closing date.

If you close on September 30, you must credit the buyer 9 months of taxes to cover the time you owned the home. The buyer will add the 3 months of taxes to your funds to pay the full tax bill in December.

Owner's title insurance (0.365%)

The buyer is responsible for the lender’s title policy. But buying an owner’s policy is common practice among home sellers. Owner’s title insurance reassures your buyer you’re giving them a clean, marketable title. They will be protected if anyone makes claims against ownership of the home. Pricing averages $3.65 per $1,000 of the home value for homes priced between $100,000 and $500,000. But most title companies offer discounts for purchasing owner's and lender's policies simultaneously.

» MORE: Estimate title insurance and GA intangible (mortgage) taxes

Seller assist (up to 6%)

Seller assist is an optional credit to the home buyer. It’s subject to set maximums, depending on loan type and down payment. Some loans don’t allow seller concessions at all. But conventional loans permit up to 3% in seller assist if the buyer can make a 3% or higher down payment. A 6% seller concession maximum applies for FHA loans and conventional loan borrowers who put down at least 10% of the purchase price. Buyers may not receive more than their total closing costs in seller assist funds.

Miscellaneous costs

Georgia home sellers may also be responsible for various other costs at closing, such as:

  • Title search: $100–$200
  • Municipal lien search: $100–$200
  • Closing/settlement fees: $350–$600
  • Courier/overnight fees: $25–$100
  • Loan payoff
  • Loan conveyance fee: $50–$65
  • Reconveyance deed recording fee: $10–$20
  • HOA fees

How to save on Georgia seller closing costs

✅ Sell with a low-commission realtor

Your biggest expenses as a home seller are probably your mortgage payoff and realtor commissions. Unfortunately, you may be unable to lower your loan balance at this stage. Still, you have options regarding realtor listing fees. The standard rate is 2.5–3%. Yet many qualified low-commission listing agents work for lower rates or flat fees.

Clever Real Estate can match you with seasoned agents who will help sell your home for $3,000 or 1% of the sales price. That can lower your total Georgia commission rate from 5–6% to a mere 3.5–4%, saving you thousands.

✅ Negotiate closing costs with the buyer

You can save on closing costs if you have a motivated and flexible buyer. Talk to your agent about negotiating payment of some of the closing costs with your buyer to lower your expenses and boost your net proceeds.

💰 Match with top local agents, save thousands on commission fees.

Clever pre-negotiates low rates with top agents nationwide. Compare local agents, get full service, and save up to 50% on realtor fees at closing. Clever is free to use with no obligation. Give it a try today!

Georgia seller closing cost calculator FAQ

The average rate for closing costs (0.8%) and realtor fees (5.76%) for sellers in Georgia is approximately 6.56% of your home sales price. With a median home value of $319,431, that’s about $21,000 in closing costs and real estate agent commissions.

Closing costs cover the fees, expenses, and taxes required to transfer property ownership and secure a mortgage. Sellers normally pay for state transfer taxes, realtor commissions, pest inspection, and their share of prorated property taxes. They may also assume the cost of an owner’s title insurance policy, seller and owner’s home warranties, HOA transfer fees, and an optional seller assist amount.

Buyer closing costs include loan-related charges, administrative fees, third-party expenditures, and escrowed funds. Some examples include a loan origination fee, appraisal fee, intangible recording tax, lender’s title insurance, attorney fees, their share of prorated property taxes, mortgage insurance, and prorated homeowners insurance.

The buyer must pay for the lender's title insurance in Georgia when purchasing the home requires a mortgage. But, deciding who pays for the buyer’s title policy is negotiable, like many closing costs.

If you hear someone talking about doc stamps in Georgia, they’re most likely referencing transfer taxes or the GA intangible recording tax. Sellers typically pay the transfer tax, which is 0.10% of the final sales price.

An intangible recording tax applies if a new mortgage loan is part of the transaction. As a result, the lender (or note holder) must record the loan with the County superior court or tax commissioner (depending on location) within 90 days of settlement. But the lender usually passes the expense to the borrower as part of the home buyer’s closing costs. The rate is 0.30%, assessed as $1.50 per $500 of the loan, but no more than $25,000.

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