Selling a Home in Essex Junction, Vermont
Essex Junction sits in Chittenden County, where home sellers benefit from Vermont's no state transfer tax structure. The biggest seller-side costs in Essex Junction 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.
Essex Junction Title Insurance & Closing Costs
Vermont uses an attorney-closing model. The seller customarily pays for the owner's title insurance policy and their own attorney fee. The Property Transfer Tax is buyer-paid and excluded from the seller's net. Non-resident sellers face 2.5% withholding on the gross sale price at closing, reconciled when filing the Vermont return. Recording fees in Chittenden County are a small fixed cost at closing.
How to Estimate Your Essex Junction Net Proceeds
- Sale Price: Start with the agreed contract price for your Essex Junction 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: Vermont charges no state-level transfer tax — skip that line entirely.
Essex Junction Net Proceeds = Sale Price − Mortgage Payoff − Commissions − Closing Costs