Buyer’s Agent Fee: $6,475–$7,770
In the past, sellers covered both the listing agent and the buyer’s agent fees. However, following a landmark court settlement by the National Association of Realtors, buyers are now expected to negotiate compensation directly with their own agents. If you’re offering to pay this fee to attract buyers, on a $259,000 median-priced West Virginia home, you can expect to pay $6,475–$7,770.
Detailed Closing Costs: $$4,610
Closing costs in West Virginia average about 1.78% of the home’s sale price. On a median-priced home of $259,000, you might pay $4,610. Below are some of the typical types of closing costs you can expect:
- Home Preparations: Curb appeal efforts such as interior house cleaning, landscaping, or home staging.
- Renovations/Repairs: Fixing or updating your property to meet buyer expectations or inspection requests.
- Title Service Fees: Title company work is required to verify legal ownership and help manage the transfer of the property. In West Virginia, the buyer typically pays for this.
- Owner’s Title Insurance: A one-time insurance premium paid by the seller to protect the buyer from title issues or ownership disputes. Buyers typically cover this in West Virginia.
- Transfer Taxes: West Virginia home sellers pay a transfer tax rate of $1.10 per each $500 or fraction thereof on the value of the property changing hands. (See more below.)
- Recording Fees: Fees paid to the local government to officially record the change in property ownership.
- Buyer Incentives: Credits or concessions you might offer buyers, such as paying the buyer’s agent fees or offering a rate buydown.
- Other Costs: Miscellaneous expenses not covered in other categories, such as attorney fees and HOA transfers. (An attorney is required to sell a house in West Virginia.)
- Moving Expenses: While not technically a closing cost, you might want to include this expense in your budget, which can range from $883 to $7,000.
In West Virginia, the seller is typically responsible for paying any real estate transfer taxes incurred during a property sale, though this can be negotiated.
Make Buying and Selling Easier: Most West Virginia sellers are also buyers looking to purchase a new home. With HomeLight’s Buy Before You Sell program, you can make a non-contingent offer on your new home and only move once. Watch this short video to learn more.
More Helpful Seller Tools From HomeLight
Here are some additional tools you may find helpful as you plan your West Virginia home sale:
- Listing Agent Match platform
- Home Value Estimator
- Best Time to Sell Calculator
- Agent Commissions Calculator
- Net Proceeds Calculator
Want to avoid closing costs and sell fast? Get a cash offer today.
With HomeLight’s Simple Sale platform, you can receive a no-obligation, all-cash offer in 24 hours and close in as few as 10 days. Answer a few questions about your West Virginia home to get started. Along with your offer, you’ll also see an estimate of what a top West Virginia agent might be able to get for your home. Get both options with one tool.
As you look ahead to your next home purchase, here are some helpful buyer tools: