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TYPICAL RESIDENTIAL SALE CLOSING COSTS IN CT
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1. Sales Commission: Typically 5%
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2. State Conveyance Taxes: Purchase price up to $800,000 is taxed at .75%. Portion in excess of $800,000 is taxed at 1.25%. Effective July 1, 2020, the tax on excess amount over $2.5 million will be 2.25%.
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3. Municipal Conveyance Tax: Greenwich is .25% of purchase price
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4. Mortgage payoff
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5. Attorney Fee: Range is $3,000 – $5,000
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6. Recording Fees: Power of Attorney, about $63; Release of Mortgage $53
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7. Building Inspection Repairs (if needed)




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