Seller Closing Cost Calculator for Nevada (2022 Data)
Jump to section: Nevada seller closing cost calculator | Nevada closing cost breakdown | How to save on Nevada seller closing costs | FAQ
Accurate budgeting is essential when preparing to sell your home. Our Nevada closing cost calculator is a helpful tool for the Nevada home seller. Use it to estimate your potential closing expenses and net profit. Be aware that costs vary by location and depend on realtor rates, home sales price, and other relevant factors.
💰 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. |
Nevada closing cost calculator
Breakdown of seller's net sheet for Nevada
🔍 Closing cost | 💰 Amount |
|---|---|
$23,466 (5.02%) | |
$50–100 | |
$250–500 | |
$400–600 | |
$40–100 | |
$15–50 | |
~$150 | |
$1,496–1,870 (~0.32–0.40%) | |
Transfer taxes (state, county, real property) | $1,823 (0.39%) $1,917 (0.41%) $2,384 (0.51%) |
Varies | |
Amount calculations are based on Nevada's median home sales price of $467,453. [1] | |
Realtor commission
When your sale is complete, you’ll need to pay both your real estate agent’s commission and the buyer agent’s commission. Together, those fees normally account for 5-6% of your sale proceeds. Nevada's average realtor rate is 5.02%, with 2.54% allotted to the buyer agent or broker and 2.48% paid to your listing agent or broker.
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» MORE: Paying realtor commission when you sell your home
Document preparation
The title company may charge a separate document preparation fee associated with the title search and completion of the deed.
Escrow fee
The title company performs escrow services, holding the purchasing funds until closing. The title agent also oversees closing, reviewing documents for accuracy, and ensuring document signings and notarizations are completed correctly. The escrow fee covers those services, and the buyer and seller often share the cost.
Home warranty
Nevada sellers may purchase optional home warranties to protect themselves and boost their homes’ appeal. The coverage eases the financial burden when an appliance or main home system malfunctions. The amount of coverage and service fee charges vary depending on the cost and type of plan you choose.
Overnight mail
You may incur courier or overnight postal charges if you’ll be paying off an outstanding mortgage once you close on your house. However, with this option, you can have a certified check payment delivered by the following day.
Reconveyance fee
Many homeowners are still carrying a mortgage when they sell their property. In that case, you must pay off the balance to remove the lien. Only then can the deed of trust be transferred to your name so you can provide a clear title to the new owner. The reconveyance fee pays for that process.
Recording fees
Nevada counties charge a recording fee to file the new deed for real estate transfers. The amount varies from one county to another.
Title insurance
Title insurance falls under two categories: an owner's policy and a lender's policy. Nevada home sellers typically purchase the owner's policy for their buyers. It provides financial protection if a title challenge arises in the future. It requires a one-time premium payment but remains in effect while the buyer owns the home, and it covers the owner's heirs as well.
Transfer tax
The state of Nevada and its counties collect transfer taxes when a homeowner sells their house for more than $100. The total tariff is $1.95 per $500 (0.39%) in all but three counties. However, Churchill and Washoe counties add $0.10 (0.41%), while Clark County adds $0.60 (0.51%). The seller and buyer often share the cost, or one side may pay the entire amount.
Prorated property tax
Nevada statute mandates real property appraisals no less frequently than every five years. The county bases property taxes on the assessed rate, and owners receive a yearly tax bill in August. That annual tax bill covers July 1 of the previous year through June 30 of the current year. Sellers must bring funds to cover any outstanding taxes for the time they owned the home during the current year through the closing date. The buyer must cover taxes for the remainder of the year post-closing.
How to save on seller closing costs in Nevada
✅ Sell with a low-commission realtor
Realtor commissions take a huge chunk of your home sales profits, usually second only to a mortgage payoff. So, focusing on your listing fee is an effective way to save on closing costs. You’re likely to pay 2.5–3% of your sales price to a traditional listing realtor. That’s $11,686–14,023 on a $467,453 sale (median Nevada home value).
However, you can shave thousands of dollars off that total by selling with a low-commission realtor. For example, our friends at Clever Real Estate can match you with a seasoned full-service agent who’ll charge you only 1.5% or a flat $3,000 listing fee to help you sell your home. The potential savings are substantial. But, remember, that’s in addition to the buyer agent’s commission.
✅ Negotiate closing costs with the buyer
Who pays is a flexible area for many seller closing costs. That means you can cut your expenses if you have a motivated buyer who’s able and willing to pick up some extra costs at settlement. That scenario is likeliest in a seller’s market. So, discuss the possibility with your realtor to learn whether your local real estate market supports the option before proposing it to your buyer.
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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!
Nevada seller closing cost calculator FAQ
How much are closing costs in Nevada?
When selling your Nevada home, the closing costs average about 6.02% of the sales price: 5.02% for realtor fees and 1% for seller closing costs. Your rate may be higher or lower, depending on real estate agent commissions, the county you’re in, the price of your home, and whether you negotiate costs with your buyer.
Closing costs for home buyers in Nevada typically range 1.75–4.4% of the home purchase price, depending on the county. Most of those expenses are loan related. But escrow funds for insurance and property taxes can also be substantial. Buyers can get a better idea of projected costs from their lender with an initial loan estimate form. The lender must provide one within three business days of the mortgage application.
Who pays for closing costs in Nevada?
Both buyers and sellers pay closing costs in Nevada, and many of the expenses are negotiable. But with the customary breakdown, the seller pays the realtor's commissions, the owner's title insurance, at least half of the transfer taxes and escrow fee, and a few other costs.
Buyers are ordinarily responsible for lender fees like the loan origination fee and lender's title policy. They also pay several third-party charges like the appraisal and home inspection charges, plus some administrative expenses.
Some mortgages are structured so the lender pays for all or part of the buyer's closing costs. For example, borrowers struggling with closing costs may opt for a "no closing cost" loan. Essentially, the borrower pays a higher interest rate to cover the payment of the closing costs.
How much are title and escrow fees in Nevada?
Nevada title and escrow fees vary depending on the title company, home purchase price, down payment, county of residence, and policy type. But interested parties can use the Nevada Title Insurance rate comparison tool to review title policy premium rates and escrow fees posted by title companies serving Nevada.
Who pays for title insurance in Nevada?
When a buyer takes out a home mortgage, their lender requires title insurance to protect the mortgage company from title defects until the loan is repaid. Therefore, it's usually the buyer's financial responsibility to pay for a lender's title policy. On the other hand, an owner's title policy is optional but generally recommended. Customarily, the seller pays for an owner's title insurance for their buyer in Nevada. However, that expense is negotiable.