Selling a Home in Georgia
Georgia sellers pay a state Real Estate Transfer Tax of $1.00 per $1,000 of the sale price (0.10%) at recordation. Georgia uses an attorney-closing model, so the seller also pays an attorney/settlement fee, agent commissions, owner's title insurance, and any HOA transfer fees.
Georgia Transfer Tax & Closing Costs
Georgia closings are handled by a closing attorney. The seller customarily pays the state transfer tax, the owner's title insurance policy, and a share of attorney/settlement fees. Recording fees are a small fixed cost at closing.
How to Estimate Your Georgia Net Proceeds
- Sale Price: Start with the agreed-upon contract price.
- Mortgage Payoff: Subtract your remaining loan balance and accrued interest through closing.
- Transfer Taxes: Apply the state, county, and any municipal transfer tax owed by the seller.
- Closing Costs: Deduct commissions, owner's title insurance, attorney/escrow, and recording fees.
Georgia Net Proceeds = Sale Price − Mortgage Payoff − Commissions − Transfer Taxes − Closing Costs
