Sellers Closing Costs in Kentucky: What You Need to Know
If you’re selling your Kentucky home, you may be wondering how much you’ll make on the sale, what required costs will eat into your profit, and where you can cut costs. This means understanding which fees you’ll be responsible for when the sale closes. In Kentucky, the average closing costs for sellers are approximately 2% of the sale price or $4,200 for a $210,000 home (which is the median selling price across the state) and the agent’s commission, which is 3%-6% of the sale price or up to $12,600 on a $210,000 home sale for a total of approximately $16,800 in costs.
To better understand which closing costs are applicable to home sellers in Kentucky, we talked to Maggie Terry, a real estate agent for Keller Williams Realty in Louisville East. Terry has sold over 326 homes in her 20 years of real estate experience.
