Selling a Home in Wilmington, North Carolina
Wilmington sits in New Hanover County. North Carolina 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 Wilmington automatically, alongside agent commissions, the owner's title insurance policy, attorney and escrow fees, and recording fees.
Wilmington Transfer Tax & Closing Costs
North Carolina closings are handled by a real estate attorney. The seller customarily pays the state excise tax, the owner's title insurance policy, and a share of attorney/settlement fees. Recording fees are a small fixed cost at closing. Recording fees in New Hanover County are a small fixed cost at closing.
How to Estimate Your Wilmington Net Proceeds
- Sale Price: Start with the agreed contract price for your Wilmington 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.
Wilmington Net Proceeds = Sale Price − Mortgage Payoff − Commissions − Transfer Taxes − Closing Costs