Home Sale Calculator in Tennessee

Question 1

Who pays closing costs in Tennessee?

Accepted Answer

Both the parties i.e., the buyer and the seller have to pay their respective closing costs in Tennessee. Seller closing costs mainly include agent commissions, home inspection, and some other fees, all of which could sum up to 5%-10% of the property’s sale price.

The buyers have to pay their closing costs as well which are mostly mortgage-related and could sum up to 3%-4% of their loan amount.

Question 2

Do sellers pay closing costs in Tennessee?

Accepted Answer

Yes, sellers do pay closing costs in Tennessee. If you are a home seller in Tennessee then you can expect to pay anywhere between 5%-10% of your home’s sale price as of closing costs.

However, you can save thousands of dollars by listing your home on the Tennessee MLS with Houzeo’s Flat Fee MLS Tennessee packages.

Question 3

How much are closing costs for seller in Tennessee?

Accepted Answer

The seller closing costs in Tennessee range between 8%-10% of the sale price of the property.

Question 4

Does Tennessee have property tax?

Accepted Answer

Yes. Tennessee does have a property tax. The Tennessee real estate property tax rate is approximately 0.64% of the home value.

Question 5

What does the seller pay at closing in Tennessee?

Accepted Answer

As a home seller in Tennessee, your closing costs will mainly include real estate agent commissions, outstanding amounts owed on the property, prorated property taxes, settlement fee, title search, municipal lien search, HOA estoppel, documentary stamps on the deed, title insurance, etc.

Question 6

How do you calculate the seller's closing costs in Tennessee?

Accepted Answer

To calculate seller closing costs all you need to do is input the relevant details in Houzeo’s Closing Costs Calculator and you will have your estimated closing costs with just a few clicks.

Question 7

Who pays transfer tax in Tennessee?

Accepted Answer

Usually the buyer pays the transfer tax in Tennessee but this can be negotiated with the seller.

Question 8

How much is title insurance in TN?

Accepted Answer

The homeowners title insurance cost in Tennessee is decided by the state and is based on the property’s value.

Home Sale Calculator in Tennessee

Home Sale Estimate Calculator in Tennessee

Frequently Asked Questions

Closing Costs Worksheet