Delaware Seller Closing Cost Calculator

Closing Cost Calculator for Delaware: Seller Averages

This free calculator can help home sellers in Delaware estimate their closing costs and net proceeds. To get a ballpark idea of the cost of selling a house in the Diamond State, enter the information for each of the input fields above. You can see typical or state averages for most Delaware seller closing costs below.

Home Selling Price: $352,000

How does your home compare to the state’s median selling price of $352,000? To determine your listing price, you can:

1. Get a preliminary estimate with HomeLight’s free Home Value Estimator
2. Request a Comparative Market Analysis (CMA) from a top Delaware agent
3. Purchase a pre-listing home appraisal (typically $600 in Delaware)
4. Visit this HomeLight map link to compare recently sold homes in Delaware

Mortgage Payoff Amount: $219,998

According to the credit experts at Experian, the average mortgage balance for Delaware homeowners is $219,998. To find your exact payoff amount, check your latest mortgage statement or contact your mortgage servicer.

Listing Agent Fee: $8,800–$10,560

A typical listing agent commission in Delaware is 2.5% to 3% of the home’s selling price. On a $352,000 house, your agent’s fee might range from $8,800–$10,560.

Buyer’s Agent Fee: $8,800–$10,560

In the past, sellers covered both the listing agent and the buyer’s agent fees. However, following a landmark court settlement by the National Association of Realtors, buyers are now expected to negotiate compensation directly with their own agents. If you’re offering to pay this fee to attract buyers, on a $352,000 median-priced Delaware home, you can expect to pay $8,800–$10,560.

Detailed Closing Costs: $19,008

Closing costs in Delaware average about 5.4% of the home’s sale price, which is among the highest in the nation. On a median-priced home of $352,000, you might pay $19,008. Below are some of the typical types of closing costs you can expect:

• Home Preparations: Curb appeal efforts, such as interior house cleaning, landscaping, or home staging, are a great way to give your home a good first impression.
• Renovations/Repairs: Fixing or updating your property to meet buyer expectations or inspection requests will keep your home in demand.
• Title Service Fees: Title company work required to verify legal ownership and help manage the transfer of the property.
• Owner’s Title Insurance: A one-time insurance premium paid by the seller to protect the buyer from title issues or ownership disputes. Buyers usually cover this in Delaware, but sellers can do so as a concession.
• Transfer Taxes: Delaware home sellers usually pay half of the state’s transfer tax rate of 3% of the property’s value, with some exceptions. (See more below.)
• Recording Fees: Fees paid to the local government to officially record the change in property ownership.
• Buyer Incentives: Credits or concessions you might offer buyers, such as paying the buyer’s agent fees or offering a rate buydown.
• Other Costs: Miscellaneous expenses not covered in other categories, such as attorney fees and HOA transfers. (An attorney is required to sell a house in Delaware.)
• Moving Expenses: While not technically a closing cost, you should include this expense in your budget, which can range from $883 to $7,000.

According to the Delaware Department of Finance, the state imposes a tax at the rate of 3.0% of the fair market value of the property, divided equally between the buyer and seller.

Local municipalities can levy a tax of 1.5%. If the local tax levied exceeds 1%, the state will reduce the state tax to 2.5%. This usually works out to a total transfer tax rate of 4%, with the seller paying half. Sellers can opt to cover the buyer’s portion as a concession.

More Helpful Seller Tools From HomeLight

Here are some additional tools you may find helpful as you plan your Delaware home sale:

• Listing Agent Match platform
• Home Value Estimator
• Best Time to Sell Calculator
• Agent Commissions Calculator
• Net Proceeds Calculator

Want to avoid closing costs and sell fast? Get a cash offer today.

With HomeLight’s Simple Sale platform, you can receive a no-obligation, all-cash offer in 24 hours and close in as few as 10 days. Answer a few questions about your Delaware home to get started. Along with your offer, you’ll also see an estimate of what a top Delaware agent might be able to get for your home. Get both options with one tool.

As you look ahead to your next home purchase, here are some helpful buyer tools:

• Home Affordability Calculator
• Down Payment Calculator
• Closing Costs Calculator
• Buyer’s Agent Match platform