Selling a Home in Grand Rapids, Michigan
Grand Rapids sits in Kent County. Michigan sellers pay a layered transfer tax — state, county, and (in some municipalities) a city-level tax on top. The calculator above applies the correct rates for Grand Rapids automatically, alongside agent commissions, the owner's title insurance policy, attorney and escrow fees, and recording fees.
Grand Rapids Transfer Tax & Closing Costs
Michigan closings are handled by title companies. The seller customarily pays the full state and county transfer tax and the owner's title insurance policy; closing fees are typically split with the buyer. Recording fees in Kent County are a small fixed cost at closing.
How to Estimate Your Grand Rapids Net Proceeds
- Sale Price: Start with the agreed contract price for your Grand Rapids property.
- Mortgage Payoff: Subtract your remaining loan balance and accrued interest.
- Transfer Taxes: Apply the state, county, and any city-level transfer tax.
- Closing Costs: Deduct commissions, owner's title insurance, attorney/escrow, and recording fees.
Grand Rapids Net Proceeds = Sale Price − Mortgage Payoff − Commissions − Transfer Taxes − Closing Costs