Selling a Home in Chattanooga, Tennessee
Chattanooga sits in Hamilton County, where home sellers benefit from Tennessee's no state transfer tax structure. The biggest seller-side costs in Chattanooga are agent commissions, the owner's title insurance policy, escrow or settlement fees, recording fees, and — if your property is in an HOA — a transfer fee and resale certificate fee.
Chattanooga Title Insurance & Closing Costs
Tennessee seller closing costs typically run 6% to 8% of the sale price. The seller customarily pays for the owner's title insurance policy. Attorney/settlement fees vary by firm — confirm with your closing attorney. Recording fees in Hamilton County are a small fixed cost at closing.
How to Estimate Your Chattanooga Net Proceeds
- Sale Price: Start with the agreed contract price for your Chattanooga property.
- Mortgage Payoff: Subtract your remaining loan balance and accrued interest.
- Closing Costs: Deduct commissions, owner's title insurance, escrow/settlement, recording, and any HOA transfer fee.
- No State Transfer Tax: Tennessee charges no state-level transfer tax — skip that line entirely.
Chattanooga Net Proceeds = Sale Price − Mortgage Payoff − Commissions − Closing Costs