Selling a Home in Renton, Washington
Renton sits in King County, where home sellers pay Washington State's graduated Real Estate Excise Tax (REET) plus a local REET of 0.50%. Combined with agent commissions, owner's title insurance, escrow, and recording fees, these costs determine what you'll actually walk away with at closing.
Renton REET & Closing Costs
Our calculator applies Washington's graduated state REET brackets (1.10% up to $525,000, scaling up to 3.00% above $3,025,000) and automatically adds the King County local REET of 0.50%. Sellers in Renton typically also pay the owner's title insurance policy and split escrow fees with the buyer.
How to Estimate Your Renton Net Proceeds
- Sale Price: Start with the agreed contract price for your Renton property.
- Mortgage Payoff: Subtract your remaining loan balance and accrued interest.
- REET: Apply the graduated state brackets plus King County's 0.50% local REET.
- Closing Costs: Deduct commissions, escrow, owner's title insurance, and recording fees.
Renton Net Proceeds = Sale Price − Mortgage Payoff − Commissions − REET − Closing Costs